Asia Pacific Report
Iran says the Strait of Hormuz is “open to all except its adversaries”, and any passage through the trajectory of this significant chokepoint should be coordinated with the Iranian military, reports AL Jazeera.
Sources say the number of ships transiting through the strait has slightly increased, but is still very low compared with pre-war times, reports Tohid Asadi from Bandar Abbas, a city on the strait.
Asadi has filed several exclusive reports from the strait area in the past few days.
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He reports that Iran also said it was critically important for the US to lift the blockade on Iranian ships as a condition that could be taken into consideration when it comes to taking the strait into a normal situation.
Iran says it will soon reveal its plan to manage traffic through the strait, including the charging of tolls, while Trump has warned Tehran will have a “very bad time” if a peace deal is not reached soon.
On Saturday, Iran’s first vice president, Mohammad Reza Aref, said his country would no longer allow “enemy” military equipment to pass through the Strait of Hormuz.
Tohid Asadi reporting from the Strait of Hormuz. Video: Al Jazeera
insurance-based framework
The Lebanese-based satellite news service Al-Mayadeen reports that Iran is advancing an insurance-based framework to manage the strait, of H aiming to expand maritime oversight and generate post-war revenue while remaining within international law.
Iran’s Ministry of Economy is reportedly advancing a proposal to manage the Strait of Hormuz through an insurance-based framework aimed at enabling post-war oversight of the strategic waterway in accordance with international law, while also creating a new source of revenue for the country.
According to a document obtained by Fars News Agency, the initiative seeks to establish a mechanism through which “management of the Strait of Hormuz becomes possible via insurance,” in a way that would remain acceptable to foreign states under non-war conditions while still allowing Iran to exercise effective control over maritime activity in the strait.
Under the proposed framework, Iran would gain broader oversight capabilities, including expanded access to maritime data and the ability to distinguish between vessels from different countries transiting the waterway.
Since the onset of the US-Israeli war, Iranian officials have maintained that “security of the Strait of Hormuz lies with the armed forces of the Islamic Republic”.
Against that backdrop, the proposal argues that management of the strait should remain under Iranian authority due to the damage Tehran has sustained from the passage of hostile vessels through the corridor.
