Iran Demands Secret Codes and Yuan Payments for Ships in Strait of Hormuz
Iran's Revolutionary Guard is offering discounts to ships from 'friendly' countries to pass through the Strait of Hormuz, with Pakistan reportedly interested in participating. The offer requires ships to display the Pakistani flag. Iran has agreed to allow 20 Pakistani ships to pass through the strait, but most Pakistani ships have the Iranian flag on them. This deal highlights Iran's control over maritime trade through the strait, which normally carries a fifth of the world's oil and gas.