Tehran has launched a formal permission regime over the Strait of Hormuz. Here’s what it means for shipowners, operators, and seafarers — and why the legal risks may outlast the geopolitics.
The Strait of Hormuz has always been a chokepoint — a narrow neck of water, barely 21 miles wide at its tightest, through which roughly one-fifth of the world’s oil supply must pass. But Tehran has now
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