Iran’s top security body announced on Monday, May 18, the formation of a new body to manage the Strait of Hormuz, which Tehran has effectively closed and wants to charge ships to traverse.
U.S. extends sanctions waiver on Russian seaborne oil by 30 days
The latest “temporary 30-day general license” will “provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea,” Treasury Secretary Scott Bessent said in a social media post.