$Hormuz
Military Situation & Maritime Security Direct Confrontation: U.S. and Iranian forces recently exchanged fire in the Strait. Three U.S. Navy destroyers transited the waterway "under fire," resulting in the destruction of several Iranian small boats."Project Freedom" Suspended: A U.S.-led initiative to escort commercial ships has been temporarily paused following a request from Pakistan to allow diplomatic talks to proceed.Stranded Fleet: Approximately 1,500 commercial vessels remain trapped within the Persian Gulf due to Iran's blockade and the presence of sea mines.New Shipping Rules: Iran’s IRGC has imposed a "Maritime Control Area," requiring all vessels to obtain specific permission and follow Iranian-designated voyage plans.
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