Iran: IRGC declares new maritime control zone in Strait of Hormuz
- Posted on May 4, 2026
- By Business News Today
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- 1 min read
Iran: IRGC declares new maritime control zone in Strait of Hormuz
Iran's IRGC has established a new maritime control zone in the Strait of Hormuz. Meanwhile, Iran's Foreign Ministry confirmed receiving a US counter-proposal via Pakistan to halt the conflict, though details remain under review due to "excessive demands." President Trump stated discussions are "very positive" but also rejected Iran's latest proposal as "not acceptable."
