Maritime traffic through the Strait of Hormuz has significantly decreased, a stark departure from the norm, as Iran embarks on a new approach to managing the strategic waterway. The Iranian government is signaling a shift towards a more selective strategy, one that welcomes all nations while restricting access to perceived adversaries. This new direction is underscored by a recently released map by the IRGC, outlining designated shipping lanes for vessels navigating the Strait. Furthermore, Iran is exploring the imposition of tariffs and fees on ships passing through, a move that could have far-reaching implications for global trade.
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