The U.S. is leaning on Oman, which also borders the strait, not to create a joint tolling system with Iran.

Shippers should not expect more ocean carrier capacity to translate into falling freight rates.

Risk and compliance teams are no longer only asking whether a vessel transited Hormuz; they are asking whether that transit can be documented, explained and defended

Two key exit routes through Hormuz have emerged over the past several weeks because the normal one through the middle is thought to have been mined.

The proposal, backed by Oman, was potentially the first phase of a wider Omani proposal to consult on setting up a new management system for the strait.

The IMO said that it will carry out a large-scale operation with cooperation between the maritime industry and the U.S., Iran, Oman and other Gulf Coast states.

With the U.S. temporarily lifting its sanctions on Iranian oil, the Middle Eastern nation will now temporarily be allowed to sell oil using U.S. dollars

Iran’s declaration on June 20 will likely make more risk-averse shipowners with vessels that have been trapped inside Hormuz for months more wary of exiting.

Iran's chief negotiator Mohammad Bagher Ghalibaf said that the strait still needs to be managed, despite progress made on negotiations with the U.S.

DP World exited the U.S. port business in 2006 over security concerns raised by some American lawmakers citing Sept. 11 terrorists’ links to the United Arab Emirates.