Iran Implements New Regulation for Strait of Hormuz Transit, Vessels Must Submit Application

BlockBeats News, May 7th, Iran has implemented new regulations for passage through the Strait of Hormuz, requiring ships to complete an application to ensure safe passage. Iranian senior officials have also stated that the United States cannot reopen the Strait of Hormuz with its "impractical plan."

According to PolyBeats monitoring, on the prediction market Polymarket, the probability of "Sailing through the Strait of Hormuz by the end of this month" is 39%.