Iran announces new body to manage Strait of Hormuz
Iran's top security body has announced the formation of a new authority to manage the Strait of Hormuz, a waterway that carries a large share of global oil and gas shipments. The announcement was made on Monday and was shared on the official account of the Supreme National Security Council. The new body is called the Persian Gulf Strait Authority, or PGSA, and it is intended to oversee operations in the strait.According to the announcement, the PGSA will provide real-time updates on developments in the Strait of Hormuz. The move comes amid reporting that Tehran has effectively closed the waterway... [Continue Reading]
360LiveNews | 18 May 2026 20:29 LONDON
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