Maritime traffic in the Strait of Hormuz is experiencing a significant decline compared to its usual levels,
Iran is contemplating a transformative shift in its management of the strategic waterway, with a focus on implementing a selective approach that welcomes all nations while restricting access to adversaries. This new strategy is part of a broader vision for the Strait of Hormuz, which Iran aims to shape through a new regime. The Islamic Revolutionary Guard Corps (IRGC) has recently introduced a revised navigation map, outlining designated routes for vessels. Furthermore, Iran is exploring the possibility of imposing tariffs and fees on ships that transit through the Strait, a move that could have far-reaching implications for global trade.
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