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Iran has established the Persian Gulf Strait Authority to officially manage and charge ships for transit through the Strait of Hormuz, amidst growing tensions and a surge in maritime traffic, aiming to replace a grey market of unofficial transit permits and generate significant revenue despite international legal objections. #StraitOfHormuz #IranShipping #MaritimeSecurity

A ship off the UAE coast near the Strait of Hormuz has been captured by unknown individuals and is now heading towards Iranian waters, according to a UK maritime agency, which highlighted ongoing tensions with Iran and the US in the region as multiple vessels have been seized or attacked amidst rival blockades. #MaritimeSecurity #StraitOfHormuz #IranShipping #AE #IR #US #IN #KR #QA