Iran has announced plans to establish a new restricted "exclusion zone" near the Strait of Hormuz, threatening to sanction any identified vessels transiting the area. The announcement by Supreme National Security Council head Mohsen Rezaei follows a sharp escalation in military hostilities, including U.S. airstrikes on three Iranian oil tankers and retaliatory Iranian missile attacks. While the U.S. maintains a 20-warship blockade to halt Iranian exports, Tehran is finalizing a bilateral shipping corridor agreement with Oman to bypass restrictions, a deal the Trump administration refuses to recognize.
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