Iran is trying to force shippers to comply with a new protocol for transiting the Strait of Hormuz — or risk attack.
Tehran has laid out a set of new rules for vessels seeking to transit the strait, according to a document seen by CNN, pressing ahead with efforts to formalize control over the waterway in defiance of US warnings.
Entitled “Vessel Information Declaration,” the document is an application form issued by Iran’s newly created Persian Gulf Strait Authority (PGSA) and must be completed by all transiting vessels to ensure safe passage. It was shared with CNN by Lloyds List and another shipping industry source who wished to remain anonymous.
When this is all over Iran is going to have way more, and way more formalized, control over that strait than it ever did before this Epstein-distraction war ever started.
The USA is really good at losing wars, but this loss is going to be epic.
Not just that; the USA will have lost its reputation as the “world police” while Iran will now have a reputation as a country that stood up to their bully and won. Just like with Ukraine and Russia, the mighty are falling, and it’s going to be an interesting new world order.
It’s just mind boggling the level of incompetence.
Also the Gulf states must be absolutely pissed since all they got out of this was that they got bombed, they can’t sell their oil anymore and when this is over Iran is most likely going to have even more control over the straight. I wonder if the Saudis are going to ask the Trump spawns for their money back.
Saudis and Irak do have pipelines to Europe and safer ports, build incase of shit like this, but there is still the issue of volumes.
It’s unclear from the document whether passage will incur a fee. Tehran has touted the strait as a potential revenue stream that could help rebuild the country after destruction caused by American and Israeli strikes. It is reportedly charging up to $2 million per vessel for passage.
Last week, the Treasury Department’s Office of Foreign Assets Control added guidance to its Frequently Asked Questions page clarifying that such payments would not be authorized for US persons or entities.
“Payments to the government of Iran or the Islamic Revolutionary Guard Corps (IRGC), directly or indirectly, for safe passage through the Strait of Hormuz would not be authorized for US persons, including US financial institutions, or for US-owned or -controlled foreign entities,” it said.
The “free” market…
I’m rather more libertarian than most but I don’t think the free market, as generally envisioned, implies the freedom to send money to countries that your country is currently at war with.
What about when your country says it not a war?
You aren’t at war with Iran.
Yes you are
They had the get compensention for over a decade of sanctions. This is the way the west and the gulf countries have to be punished
