Iran's Supreme National Security Council has officially announced the formation of a new body, the Persian Gulf Strait Authority (PGSA), to manage the Strait of Hormuz, a narrow waterway currently effectively closed by Tehran and blockaded by the United States.
Iran approved PGSA on Monday, after it was launched on May 6, to provide "real‑time updates on the Hormuz Strait operations and latest developments."
The exact role of the body was not immediately clear, but an Iranian broadcaster had said it constituted a "system to exercise sovereignty over the Strait of Hormuz"
In a post on X, PGSA said, "In the Name of God. The official X account of the Persian Gulf Strait Authority (PGSA) is now live. Follow us for real‑time updates on the Hormuz Strait operations and latest developments."
The development comes as Iran and the US are engaged in diplomatic channels to strike a peace deal.
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Iran's renewed proposal
After the US shared a five-point proposal, stipulating to take uranium, limit nuclear programme, etc., while denying any compensation and unfreezing of assets, Iran responded with a renewed peace proposal with the US via Pakistan.
The Iranian Foreign Ministry spokesperson stated that the country is focused on ending the war at this stage.
"The points raised are Iranian demands that have been firmly defended by the Iranian negotiating team in every round of negotiations," he said. He also added that the conflict is "illegal and baseless" while reiterating Iran’s demand for the US to pay reparations.
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Trump says Iran dying for deal
Meanwhile, US President Donald Trump said that Iran is desperate to reach a peace deal. He said, "I can tell you one thing, they (Iran) are dying to sign (a deal)."
Iran has effectively closed the Strait since the US and Israel started a war against it on February 28. Soon, the strait emerged as a major flashpoint in the conflict as it carries 20 per cent of the world’s energy supplies.
Iran's firm grip on the strait has rattled global markets and sent crude and gas prices skyward.