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Iran sets up agency to control Strait of Hormuz as US peace talks stall
International
Published on 8 May 2026
A new body could reshape shipping access fast
Iran has created a new government agency tasked with controlling passage through the Strait of Hormuz, sparking fresh worries for global shipping routes. At the same time, Iran and the U.S. are still reviewing proposals in Pakistan mediated peace talks. Markets are watching closely as expectations for de escalation rise, while Saudi Arabia signals it won’t support the U.S.
- Iran forms an agency focused on Hormuz passage control
- International shipping faces renewed uncertainty
- US Iran talks continue with Pakistan mediation
- Saudi Arabia says it will not back the U.S.
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times