Following the Trump-Xi summit, Iran is reportedly preparing a new mechanism to regulate shipping and formalize its control over the Strait of Hormuz. This move comes amid ongoing diplomatic tensions and a deadlock over the vital waterway.

The deadlock over the Strait of Hormuz was one of the key issues discussed during the summit between Donald Trump and Xi Jinping last week. As the impasse continues, here is where things stand. Iran prepares new transit mechanism Tehran is moving to formalise its control over the strait with a “professional mechanism” to regulate shipping. “The necessary fees will be collected for the specialised services provided under this mechanism,” Ebrahim Azizi, the head of the Iranian parliament’s...