Iran is cementing its hold over the Strait of Hormuz, demanding vessels give up detailed information and detour into Iranian waters before being vetted by Iran’s Islamic Revolutionary Guards Corps.

Israel's Defense Forces said Thursday that Iranian naval commander Alireza Tangsiri has been killed in a "precise strike" in the port city of Bandar Abbas.

March 27 (Reuters) - The United Arab Emirates has told the U.S. and other Western allies it would participate in a multinational maritime taskforce to reopen the Strait of Hormuz, the Financial Times reported on Friday,

The Strait of Hormuz has been effectively closed for almost four weeks – throwing global oil markets into chaos – and there is no clear end in sight. This is why Iran can exert a virtual chokehold on oil shipping.

The impacts from the Iran war continue to way on global supply chains as economists raise their expectations for a potential recession in the U.S.

For centuries, an Omani exclave has been defined by a peculiar duality: rugged isolation and proximity to one of the world’s most important trade routes.

In a 1974 interview with the shah of Iran, Mohammad Reza Pahlavi, the US journalist Mike Wallace briefly referred to the dispute over the naming of what has been generally called “Sinus Persicus” (Persian Gulf) since ancient times – and what Wallace called “the Gulf”.

Officials in Tehran have drafted legislation to create a toll system where ships pay for safe passage through the waterway, Iranian media reported.