Iran creates new agency to control shipping in Strait of Hormuz while reviewing peace deal with US

Iran is establishing a new government agency to vet and tax vessels seeking passage through the Strait of Hormuz, raising concerns about international shipping. The Trump administration paused efforts to open a safe passage through the strait, but US allies like Saudi Arabia opposed the forceful approach. Pakistan anticipates a deal soon, hoping for a peaceful resolution and ceasefire extension through ongoing diplomatic efforts between Iran and the United States.