Iran announces the formation of the Persian Gulf Strait Authority to manage the blocked Strait of Hormuz amid ongoing conflict.

Iran’s grip over the waterway has rattled global markets and given Tehran significant leverage. Read more at straitstimes.com. Read more at straitstimes.com.

The Persian Gulf Strait Authority would provide "real-time updates" on Hormuz Strait operations and developments, said Iran's Supreme National Security Council.

TEHRAN: Iran's top security body announced on Monday (May 18) the formation of a new body to manage the Strait of Hormuz, which Tehran has effectively closed and wants to charge ships to traverse.On its official X account, the Supreme National Security Council shared a post for the Persian Gulf Strait Authori