Iran’s new toll entity claims 300 ships have signed up for safe passage through Strait of Hormuz

At least 300 non-Iranian ships have applied for safe passage through the Strait of Hormuz with Tehran’s new authority seeking to create a permanent toll system along the vital passageway. The Persian Gulf Strait Authority (PGSA) said the majority of the ships applying were oil tankers, with at least 77% of the applicants looking to exit the Persian Gulf to reach Asia, particularly China and India, two of the Middle East’s largest fuel buyers. The PGSA’s remarks came as the IRGC announced that its naval forces have escorted 24 vessels through the Strait of Hormuz over the past 24 hours....