India, Aug. 24 -- Iran has issued a sweeping warning that commercial vessels violating its transit arrangements in the Strait of Hormuz will face strict penalties, including heavy fines, detention, or outright confiscation. This directive was announced by the Persian Gulf Strait Authority (PGSA), a newly established Iranian regulatory body tasked with managing navigation and enforcing maritime control through the strategic waterway.

The escalation significantly heightens operational and financial risks for global shipping companies, cargo owners, and energy charterers transiting this critical maritime chokepoint.

US-Israel-Iran War Live News: Iran Warns Vessels Violating Strait of Hormuz

The PGSA has published an updated register of ve...