Iran asserts control over Strait of Hormuz as US reports ship reroutes and expands sanctions

Iran's Islamic Revolutionary Guard Corps (IRGC) claims 'decisive control' over the Strait of Hormuz, a critical shipping lane, while the US reports 82 vessels have been rerouted due to an Iranian blockade. The US is escalating "Operation Economic Outcast" with new sanctions targeting an Egyptian bank and other entities supporting Iran's financial system. Iran's Foreign Ministry urges other nations to disregard these sanctions, viewing participation as complicity in unlawful pressure. This situation highlights rising tensions and potential disruptions to global trade.