Iran to soon unveil mechanism to manage traffic in Hormuz Strait along designated route, says Iranian lawmaker

Iran announced it will soon unveil a mechanism for managing traffic in the Strait of Hormuz along a designated route, excluding vessels associated with Project Freedom. The mechanism will only provide services to cooperating vessels and collect fees. This follows recent military exchanges and a ceasefire between the US and Iran, highlighting the increased importance of the Strait of Hormuz's security.