Strait of Hormuz tensions flare as Iran tightens grip over shipping traffic

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Tensions are escalating in the Strait of Hormuz as Iran reportedly implements stricter screening processes and transit fees for ships, raising global concerns about the safety of approximately 20,000 seafarers and 2,000 vessels currently trapped in the Persian Gulf. The International Maritime Organisation (IMO) convened a special session and called for a "safe maritime framework" to evacuate these ships, proposing a humanitarian corridor. While China expressed conditional support, Iran declined to comment on the specifics of the corridor and distanced itself from the IMO's declaration, citing a failure to address actions by the US and Israel. The situation is creating uncertainty and hindering maritime traffic through this crucial waterway.
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