In Brief…
- Shipping through the Strait of Hormuz has fallen to its lowest level since May following US and Iranian strikes on tankers, according to shipping data.
- Iran will double the price of gasoline bought outside subsidized quotas from Tuesday, pushing ahead with a politically sensitive increase.
- Iran’s Supreme National Security Council secretary said on Sunday that a new restricted zone would be announced outside the Strait of Hormuz in the coming days.
This is a developing story that HO1 will continue to monitor.
Check back for updates.
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