Iran Plans Hormuz Restrictions

Iran said Monday it will create a restricted zone near the Strait of Hormuz, with Mohsen Rezaei saying ships would need Tehran’s permission to enter an area starting at the U.S. naval blockade line and extending into the Persian Gulf. Tehran also said countries that sanction Iran would be barred from using the strait. The announcements followed U.S. strikes that disabled or destroyed three Iranian crude oil tankers. Washington denied Iran’s claim that it hit an unmanned American vessel, while Mohammad Bagher Ghalibaf warned U.S. energy assets in the region were exposed.