Iran forms Strait of Hormuz Authority

Iran's Iran — Supreme National Security Council announced the formation of the Persian Gulf Strait Authority (PGSA) to manage and monitor operations in the Strait of Hormuz. This new regulatory body aims to assert Iran's sovereignty over the waterway, requiring transit permits and potentially levying fees on ships. Since the conflict with the United States and Israel began on February 28, Iran has largely blocked shipping through the Strait of Hormuz, a critical route for global oil and liquefied natural gas shipments. The United States has responded with its own naval blockade on Iranian ports. Ebrahim Azizi, head of Iran's parliament's national security commission, confirmed the development, stating a professional mechanism for traffic management would be unveiled. The PGSA's official X account is now live, providing updates on operations and developments in the Strait.