Iran Warns Ships on Hormuz Route Amid Tripled Transit Volumes

AI Summary

Iran's Islamic Revolutionary Guard Corps (IRGC) has issued warnings against any shipping routes through the Strait of Hormuz established without its coordination. Despite this, ship transits reportedly tripled to 93 last weekend compared to the previous period, though they remain significantly lower than pre-war levels of over 100 ships per day. The IRGC stated that only designated routes are allowed for passage. Additionally, the U.S. Treasury has sanctioned Iran's Persian Gulf Strait Authority, emphasizing a crackdown on any tolling system in Hormuz, which could impact future oil flows.