Iran sets up new shipping control agency for Hormuz as it reviews US peace proposal

Iran has established a new government agency to vet and tax vessels seeking passage through the Strait of Hormuz, raising concerns about international shipping. The U.S. has sent mixed signals regarding its strategy to end the war, with a temporary pause in efforts to open a safe passage for commercial ships. Pakistan anticipates a deal soon, as both countries continue to engage in diplomatic efforts to end the conflict and extend the ceasefire.