Iran has created a new entity to manage the Strait of Hormuz as peace talks with the US remain stalled. Vessels seeking transit may need to apply to this body for permits.

Iran has formed a new body to manage the Strait of Hormuz. It comes as peace talks with the United States appeared to remain stalled. It's not clear what the new body will do, but earlier this month Iranian media said vessels seeking transit would have to apply to it for a permit - disclosing ownership, insurance, crew, and cargo.