Business · Fortune Technology
Iran is setting up an agency to tax releases passing through Hormuz even as it negotiates a peace pact
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Iran has created a government agency to vet and tax vessels seeking passage through the crucial Strait of Hormuz, a shipping data company reported Thursday, as Tehran said it was reviewing the latest U.S. proposals for ending the war.
Key facts
- Pakistani Foreign Minister Ishaq Dar spoke by phone Thursday with his Iranian counterpart, Abbas Araghchi, the Pakistani Foreign Ministry said
- Iranian Foreign Ministry spokesperson Esmail Baghaei said the Islamic Republic was reviewing messages from Pakistan, which is mediating peace negotiations, but Iran “has not yet reached a conclusion
- Meanwhile, U.S. Secretary of State Marco Rubio discussed Middle East peace efforts at the Vatican with Pope Leo XIV, whose opposition to the Iran war has led to open sparring with President Donald
- The ceasefir e between the U.S. and Iran has largely held since April 8
Summary
The Iranian effort to formalize control over the channel raised new concerns about international shipping, with hundreds of commercial ships bottled up in the Persian Gulf and unable to reach the open sea. Iranian Foreign Ministry spokesperson Esmail Baghaei said the Islamic Republic was reviewing messages from Pakistan, which is mediating peace negotiations, but Iran “has not yet reached a conclusion, and no response has been given to the U.S. side,” Iranian state TV reported. Late in the day, semiofficial Iranian news agencies said explosions were heard in southern Iran near Bandar Abbas.