Strait of Hormuz: A New Player in a Long Standing Game of Power The formation of the Persian Gulf Strait Authority (PGSA) marks a significant development in Iran's efforts to exert control over the strategically crucial Strait of Hormuz.
For years, Tehran has walked a delicate balance between asserting its claims and avoiding confrontation with global powers.
The strait is a focal point for regional tensions due to its economic significance as one of the world's most critical chokepoints for oil exports.