US Navy Diverts Over 100 Commercial Ships from Strait of Hormuz Amidst Iranian Sanctions and New Authority

The US Navy has diverted over 100 commercial ships from the Strait of Hormuz as part of a blockade against Iran. Iran has established the 'Persian Gulf Strait Authority' (PGSA) to formalize its claim over the Strait, which will be under Iranian military control for monitoring, potentially including areas of the UAE and Oman. Ships using the Strait may need to coordinate with PGSA and pay fees, with the US warning that such payments could lead to sanctions.