Source: Reuters (via feed)
Iran requires ships crossing the Strait of Hormuz to coordinate with its Islamic Revolutionary Guard Corps (IRGC), a senior Iranian official told Reuters. The official said all ships can sail through the strait, but this must be coordinated with the IRGC. The official added that unfreezing Iranian funds was part of the deal.
BizTrendWire Insight:
Coordination with Iran’s IRGC is required for shipping through the Strait of Hormuz. Unfreezing Iranian funds is linked to an agreement involving the strait.
Coordination with Iran’s IRGC is required for shipping through the Strait of Hormuz. Unfreezing Iranian funds is linked to an agreement involving the strait.
