Summary
Iran is creating a new system to check and register ships passing through the Strait of Hormuz, which is an important waterway for oil transportation. Some countries are talking directly with Iran to get permission for their ships to travel through this area. The system aims to control ship movements amidst recent conflicts affecting global oil supply.
Key Facts
- Iran is developing a system to screen and register ships through the Strait of Hormuz.
- The system is managed by Iran's Islamic Revolutionary Guard Corps (IRGC).
- Countries like India, Pakistan, Iraq, Malaysia, and China are negotiating travel terms with Iran.
- Traffic through the Strait decreased by 95% after recent conflicts involving the U.S. and Israel.
- About 20% of the world's oil passes through the Strait of Hormuz.
- Some ships use tactics like turning off tracking systems to avoid detection.
- Iran offers a new safe corridor within its waters; at least nine ships have used it recently.
- A tanker reportedly paid $2 million for safe passage, though the overall cost situation is unclear.
