Hormuz confusion deepens as Iran and US clash over who controls it

Key Points:

• Iran and Oman announced plans to establish a joint mechanism to control navigation in the Strait of Hormuz through a permit system, asserting their authority over the strategic waterway.
• Oman declared the creation of a temporary, toll-free shipping transit corridor in coordination with the International Maritime Organisation, while Iran maintains its claim of sovereignty over the strait.
• US President Donald Trump stated that Iran assured the US there would be no tolls or charges for passage through the Strait of Hormuz, warning that any contrary actions would end negotiations immediately.
• The Institute for the Study of War highlighted that Iran managing traffic and collecting fees in the strait would be a major strategic gain, giving Tehran significant leverage over global commerce.
• US Secretary of State Marco Rubio is engaging in Middle East diplomatic efforts, meeting with UAE leaders to discuss securing safe transit through the Strait of Hormuz and reaffirming US commitment to regional security.