Summary

Crew members have reported hearing radio broadcasts warning vessels of new boundaries defended by the Islamic Revolutionary Guard Corps. Attacks on the United Arab Emirates port of Fujairah, meanwhile, underlined an expanded Iranian command zone — and kept the strait largely devoid of traffic in the early hours of the day. ALSO READ | US fights to reopen the Strait of Hormuz as the UAE comes under attack in a test of Iran truce Dubai would fall just outside the new Hormuz control area defined by Tehran, which extends to the south to Umm al-Quwain, along the United Arab Emirates coast. “The US is attempting to level the power balance in the strait and that’s been reciprocated against by Iran. It’s escalation,” said Anoop Singh, global head of shipping research at Oil Brokerage Ltd. “I’m not expecting a quick reopening of bi-directional flows through the strait.” ALSO READ | The Hormuz blockade: Why a fragile ceasefire may not lower global oil prices Hormuz, a vital energy thoroughfare, has become a flashpoint in the nine-week war. Traffic has dwindled since the start of US and Israeli strikes on Iran, but it oscillates each time one side has tried to adjust levels of control. The number of daily Hormuz passages is currently at near zero — compared to around 135 each day before the war. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online.