Iran announces ‘new rules’ for Strait of Hormuz as US refuses to lift naval blockade

3 min read New Delhi Updated: May 3, 2026 11:37 AM IST An IRGC speedboat approaches the cargo ship Epaminondas during what state media described as the seizure of one of two vessels accused of violations in the Strait of Hormuz. (AP Photo) Iran released a statement on Saturday, saying it will enforce “new rules” over waters along its coastline in the Arabian Sea and the Strait of Hormuz, making them sources of “security and prosperity for the region”. The announcement came as US Treasury Secretary Scott Bessent reaffirmed that the US naval blockade of Iranian ports — in response to Tehran’s chokehold on the Strait — will stay in place till freedom of navigation in the crucial waterway is restored to “pre-February 27” levels. The Islamic Revolutionary Guard Corps (IRGC) Navy said it will exert “control over nearly 2,000km of Iran’s coastline” and make such water “a source of pride and power for the dear people of Iran, and a source of security and prosperity for the region,” reported Al Jazeera . Earlier this week, Iran offered to reopen the Strait of Hormuz — the maritime chokepoint accounting for a fifth of global energy trade — if US lifted its blockade, while proposing that nuclear talks be deferred to a later phase, but Washington rejected the proposal. Vessels paying tolls to Iran Currently, ships transiting the Strait are being targeted by the IRGC’s fast attack boats, forcing them to navigate through Iran’s territorial waters and pay tolls. A Lloyd’s List report in March said that ships were navigating around Iran’s Larak Island and countries were paying as much as $2 million for each vessel to pass through the Strait safely. Tehran also demanded US recognition of Iran’s sovereignty over the Strait and proposed splitting tolls with Oman, arguing that the chokepoint lies in the territorial waters of Iran and Oman. US Naval blockade In reponse, while announcing the US’ naval blockade in April , President Donald Trump said that the Navy would “interdict every vessel” paying “an illegal toll.” The US President also issued a “shoot and kill” order against small Iranian boats deploying mines to choke traffic through the Strait and forcing ships to navigate around Larak. Story continues below this ad The US blockade of Iran ports is aimed at building pressure on Tehran as crude exports from the Strait are the lifeline for its cash-strapped economy. Trump told Axios on Thursday that the blockade was “somewhat more effective than the bombing.” Crude prices breach $120 mark The fragile ceasefire between Washington and Tehran remains in effect, with Iran’s nuclear programme continuing to be the key sticking point. Global energy markets have taken a beatdown, with prices constantly rising due to the oil supply disruptions. Brent Crude index briefly soared above $122 a barrel late Wednesday. Earlier, it had breached the $125 per barrel mark. The Trump administration has shown its eagerness to continue the blockade by skirting the May 1 legal deadline to gain Congressional approval to continue the war. In a letter to Congress, the US President argued that the deadline cannot be applied for the war as hostilities with Iran have “terminated,” the Associated Press reported. The Express Global Desk at The Indian Express delivers authoritative, verified, and context-driven coverage of key international developments shaping global politics, policy, and migration trends. The desk focuses on stories with direct relevance for Indian and global audiences, combining breaking news with in-depth explainers and analysis. 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