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The US Treasury chief stated that any tolls paid to the Persian Gulf Strait Authority would be offset from Iranian accounts, implying that damage to Gulf allies would be paid for with funds extracted from Iranian accounts.
Iran has established a new authority, the Persian Gulf Strait Authority, to control the Strait of Hormuz, with reports indicating that ships have begun paying tolls. This move asserts Iran's control over the vital shipping lane.
Iran has delegated the management of maritime traffic in the Strait of Hormuz to a new ad hoc authority, the Persian Gulf Strait Authority, requiring shipowners, including Italian ones, to register and pay tolls.
The United States launched new attacks on Iranian targets near Hormuz, which Iran retaliated by striking an American military base. This exchange of attacks occurred after the US rejected reports of a Hormuz agreement and imposed additional sanctions on Iran.