Iran Launches New Strait of Hormuz Authority as Global Costs Climb

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2026-05-18 17:00:12

An Iranian tugboat is in the foreground as cargo ships sit at anchor in the Strait of Hormuz off Bandar Abbas, Iran on May 4, 2026. Amirhosein Khorgooi/ISNA via APTehran has moved to formalize its control

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