Iran Forms New Body for Strait of Hormuz Management Amid US-Iran Tensions

May 19, 2026

78 min

May 19, 2026 01:30

Iran announces new body to manage Strait of Hormuz; Trump says 'holding off on attack on Iran tomorrow'

## US-Iran Tensions and Diplomatic Efforts

Amid escalating tensions between the US and Iran, President Donald Trump announced a pause on a planned military strike against Iran. This decision followed requests from Gulf allies, including leaders from Qatar, Saudi Arabia, and the UAE, who urged for continued diplomatic negotiations. Trump expressed optimism about reaching a deal that would prevent Iran from acquiring nuclear weapons.

## Drone Attacks and Regional Reactions

The UAE reported a drone strike near the Barakah Nuclear Power Plant, which caused a fire but did not compromise nuclear safety. The attack was condemned by the Muslim Council of Elders and several regional allies, including Saudi Arabia and Egypt, who expressed solidarity with the UAE.

## Strait of Hormuz Developments

Iran announced the establishment of a new body to manage the Strait of Hormuz, a critical waterway for global oil shipments. This move comes as tanker traffic through the strait showed signs of recovery after a significant drop due to the ongoing conflict.

## Ongoing Negotiations and Challenges

Despite diplomatic efforts, the US and Iran have yet to reach a consensus. Iran's recent counterproposal reportedly falls short of US demands, particularly regarding uranium enrichment. However, Trump noted a "very positive development" in negotiations, hinting at a potential agreement.

## International and Economic Implications

The US Treasury has temporarily eased restrictions on Russian oil purchases to stabilize global markets amid the conflict's impact on energy prices. Meanwhile, the International Atomic Energy Agency is closely monitoring the situation at the Barakah plant, ready to assist if necessary.

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