Iran officially announces new body to manage Strait of Hormuz: top security council
- Posted on May 18, 2026
- By Business News Today
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- 1 min read
Iran officially announces new body to manage Strait of Hormuz: top security council
Iran has established a new authority to manage the Strait of Hormuz. This vital waterway has been effectively closed by Tehran, which intends to charge ships for passage. The new body will provide updates on operations and developments. Iran's control over the strait has impacted global markets.
