Chokepoint Data · the Strait of Hormuz crisis

Iran founds Persian Gulf Strait Authority to regulate Hormuz transit

2026-05-05 · policy

Iran established the Persian Gulf Strait Authority (PGSA) as the official body to authorize and regulate maritime transit through the Strait of Hormuz; first Western press coverage (WSJ) followed on May 6, with CNN on May 7.

Brent next close -3.2% · +7 days -5.8% · transits 5.0 → 1.7 per day

Sources

Wikipedia (Persian Gulf Strait Authority)

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Computed, not asserted — every number here is derived from public data: official EIA Brent closes via FRED, IMF PortWatch transit counts, Polymarket and Kalshi odds, and source-linked curated events. Method and caveats · Atom feed · llms.txt

https://chokepointdata.com/event/2026-05-05-iran-founds-persian-gulf-strait-authority-to-regulate-hormuz/