Persian Gulf Strait Authority

Iran's Persian Gulf Strait Authority warned ships against using unauthorized routes through the Strait of Hormuz, stating that such vessels would bear responsibility for any consequences. The warning followed a cargo ship being struck by an unidentified projectile near Oman, causing global oil prices to rise by about 2 percent.

Iran's Persian Gulf Strait Authority (PGSA) warns that ships using unauthorized routes through the Hormuz Strait will lose safe passage guarantees and insurance coverage. The statement follows an attack on a Singapore-flagged vessel off the coast of Oman and holds vessel owners and operators responsible for consequences of unauthorized passage.

Ship traffic in the Strait of Hormuz has increased following an interim Iran-U.S. deal, but disputes over control and potential tolls remain unresolved. Iran and the U.S. recently clashed over the strait's status, with Iran claiming to have reclosed it amid regional tensions, while maritime data shows reduced but ongoing vessel movement.

Ship traffic in the Strait of Hormuz has increased since an interim U.S.-Iran deal, but tensions persist over control of the waterway and potential tolls. Iran and the U.S. recently clashed over the strait's status, with Iran claiming it was reclosed due to Israel’s attacks on Lebanon, while maritime data shows reduced but ongoing vessel crossings.

U.S. stock futures fell and oil prices rose as U.S.-Iran talks began with President Trump threatening Iran over the Strait of Hormuz. Both sides agreed to a 60-day negotiation period but tensions persist over Lebanon and the strait's reopening.

The U.S. and Iran signed a memorandum to reopen the Strait of Hormuz, but Iran later claimed it was closed again, citing Israeli attacks and U.S. 'bad faith.' The U.S. insists the strait remains open, with increased shipping traffic, while Iran's new authority mandates specific routes and insurance requirements. Shipping companies, not governments, ultimately determine the strait's operational status.

Iran requires ships to obtain its permission and mandatory insurance to transit the Strait of Hormuz, while the US reported 20 vessels using an alternative route. Concerns grow over potential tolls on the strait, with Iran reserving the right to charge future insurance fees, despite a 60-day US-Tehran deal ensuring free transit.

Iran plans to charge an 'insurance fee' for vessels transiting the Strait of Hormuz after a 60-day US ceasefire agreement expires. The Persian Gulf Strait Authority (PGSA) outlined the plan, requiring ships to follow designated routes and obtain permits, with Oman's cooperation needed for legal support. The shipping industry is divided, with some Greek figures supporting the fee while others oppose it.

Iran will waive fees for ships transiting the Strait of Hormuz during a 60-day negotiation period under a memorandum of understanding with the United States. Ships must submit transit requests at least 48 hours before arrival, and Iran will cover security, safety, and environmental service costs during this interim agreement.

Iran will waive fees for ships transiting the Strait of Hormuz during a 60-day negotiation period under a U.S. agreement. The Persian Gulf Strait Authority requires vessels to submit transit requests 48 hours in advance and coordinate routes to avoid mine-affected areas.

Iran's Persian Gulf Strait Authority will expedite authorizations for ships passing through the Strait of Hormuz under a Memorandum of Understanding (MoU) with Washington. The US-led Combined Maritime Forces reported a reduction in maritime security threat levels to moderate in the same strait.

The U.S. sanctioned Iran's largest digital asset exchange, Nobitex, and three others as part of efforts to pressure Iran over a war with the U.S. and Israel. The Treasury accused Nobitex of processing over 50% of Iranian digital asset income and aiding sanctions evasion, while also targeting Iran's Persian Gulf Strait Authority.

Iran closed the Strait of Hormuz to foreign shipping in late February 2026, establishing a sovereign toll regime codified in law and priced in cryptocurrency. On May 18, Iran launched the Persian Gulf Strait Authority, a state bureaucracy with a domain (pgsa.ir) and X account, delineating a 'management supervision area' and transit-permit scheme to control the strait.

The US Treasury Department sanctioned Iran's Persian Gulf Strait Authority (PGSA), an agency formed to manage the Strait of Hormuz. The Treasury described the PGSA as a new effort by Iran's Islamic Revolutionary Guard Corps (IRGC) to monetize control of the strategic waterway.

The Trump administration imposed sanctions on Iran's newly created Persian Gulf Strait Authority, targeting its control over shipping in the Strait of Hormuz amid a war and economic pressure. The move aims to force Iran to reopen the critical waterway and end the conflict, while rising energy prices and ongoing military actions complicate negotiations.

Iran has created the Persian Gulf Strait Authority to administer tolls on ships transiting the Strait of Hormuz. The agency will approve ship transits and collect tolls. This development comes as Iran considers a US proposal to end hostilities.