Iran Draft Terms for Strait of Hormuz Management; Ansar Allah Strikes Saudi Forces

Iran has introduced a draft plan for the management of the Strait of Hormuz, emphasizing stringent control and leveraging access for war reparations. The strategy involves a phased system where vessels enter through the northern route and exit via the southern passage adjacent to Oman, with Iran overseeing entry and a joint Iran-Oman effort for exits. Charges will apply for services such as refueling and insurance. These regulations are more stringent than what the US anticipated for unimpeded transit. Iran is reportedly aiming for fees between 5-7%, a point of contention for others. While President Trump suggests that a deal is imminent, Supreme Leader Mojtaba Khamenei has yet to concur. In Yemen, Houthi forces have attacked Saudi-backed troops, resulting in over 50 fatalities. This week, shipping traffic through the Strait has decreased to 33 vessels.