(Publish from Houston Texas USA) (By Iftikhar Ahmed) Iran enforces permit system in Strait of Hormuz as global shipping traffic declines sharply Iran’s Islamic Revolutionary Guard Corps has established full control over the Strait of Hormuz. Over the past month, commercial vessel traffic through this waterway has declined by 90 percent. Global shipping companies have suspended their operations in the Persian Gulf. The Iranian navy has now transformed the strait into a permit corridor where ships can only pass after obtaining authorization. Only fifteen vessels were granted passage last week.…
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