US Israel Iran War Latest News: Is Iran Preparing to Control Strait of Hormuz Shipping? What is Maritime Insurance? New Traffic Rules, Tolls Raise US-Israel Tension

Iran is preparing to manage maritime traffic through the Strait of Hormuz, launching a new maritime insurance platform and accepting cryptocurrency payments. The US has redirected commercial ships and enforced maritime blockades, escalating tensions. China is calling for diplomacy and a ceasefire amid rising oil prices and concerns about wider conflict.