Iran Threatens Ships With Seizure in Hormuz—What Changes for Global Oil

Iran has intensified its oversight of maritime traffic in the Strait of Hormuz, announcing strict penalties for vessels that fail to comply with its transit regulations. The Persian Gulf Strait Authority (PGSA) warned that ships violating Iranian protocols could face fines, detention, or confiscation, along with restrictions on future passages through the waterway. The authority also issued a directive targeting vessels collaborating with ships already on Iran’s Non-Compliant Vessels list. Any ship involved in ship-to-ship (STS) transfers or transshipment operations with blacklisted vessels will be added to the list, according…

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