Business Standard
Iran has created a government agency to vet and tax vessels seeking passage through the crucial Strait of Hormuz, a shipping data company has reported, as Tehran said it was reviewing the latest US proposals for ending the war. The Iranian effort to formalise control over the channel raised new concerns about international shipping, with hundreds of commercial ships bottled up in the Persian Gulf and unable to reach the open sea. Still, hope that the two-month conflict could soon be over buoyed international markets. Iranian Foreign Ministry spokesperson Esmail Baghaei on Thursday said the Islamic Republic was reviewing messages from Pakistan, which is mediating peace negotiations, but Iran "as not yet reached a conclusion, and no response has been given to the US side", Iranian state TV reported. Late in the day, Iranian state media said the country's armed forces exchanged fire with "the enemy" on Qeshm Island in the Strait of Hormuz. It is the largest Iranian island in the Persia
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