UniCycive Therapeutics Inc (UNCY)

[Whalatane]

OT ..so with the boards permission

As of April 2, 2026, the Strait of Hormuz is under effective Iranian military control due to the ongoing conflict with the U.S. and Israel, which began in late February 2026. While international law classifies the strait as an international waterway governed by the principle of transit passage, Iran and Oman are currently finalizing a joint protocol to institutionalize a new bilateral oversight regime.

Current Control and Governance
Effective Iranian Blockade: Since March 2026, the Islamic Revolutionary Guard Corps (IRGC) has largely restricted traffic, allowing only vessels from "friendly" nations (such as China, India, and Malaysia) to pass.

New "Toll" System: Iran has reportedly established a "toll booth" system near Larak Island, charging some commercial vessels up to $2 million in cryptocurrency or Chinese yuan for "safe transit rights".

Iran-Oman Joint Protocol: Iranian officials announced on April 2, 2026, that they are in the final stages of drafting a protocol with Oman to "monitor and coordinate" all tanker traffic. This protocol would require all transiting vessels to obtain advance permits from both coastal states.

Legal and Territorial Framework
The Strait is 21 nautical miles wide at its narrowest point, meaning its entire width falls within the overlapping 12-mile territorial waters of Iran and Oman.

International Law (UNCLOS): Under the United Nations Convention on the Law of the Sea (UNCLOS), ships have the right of unimpeded transit passage through international straits.
Iranian Counter-Claim:
Iran, which signed but never ratified UNCLOS, argues that only "innocent passage" applies. This allows a coastal state to suspend transit if it deems its security is at risk—a position Iran has codified in its 1993 Law of Marine Areas.
Oman's Position:
Oman is a party to UNCLOS but has historically maintained a decree requiring foreign warships to seek prior permission before entering its territorial waters, a claim contested by the U.S..

Actually good for us if they are allowing Indian tankers to pass ...less risk of an inspection delay at the Shipla plant in India

Kiwi