Iran seeks to tighten control over strait of Hormuz alongside Khamenei funeral
Amidst mourning for Supreme Leader Ali Khamenei, Iran's Islamic Revolutionary Guard Corps (IRGC) has intensified its control over the Strait of Hormuz. Following a US-backed southern route's increased use by ships, the IRGC issued warnings, causing eight vessels to turn back and reducing overall traffic. France and the UK plan to deploy a mine-clearing force to the southern route, which Iran rejects. Oil prices have fallen significantly, reflecting increased oil availability. A US-Iran memorandum of understanding regarding traffic restoration is proving to be a guideline rather than enforceable rules. Oman is proposing a navigational fee system for the strait, drawing parallels to the Strait of Malacca. Both the US and Iran are reportedly strengthening military positions during a ceasefire period.