Iran announced the creation of a new exclusion zone in the Persian Gulf, beginning where the US naval blockade perimeter around Iranian ports ends. About 20% of the world’s oil transits daily through the Strait of Hormuz. Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, declared on September 6, 2026 that any vessel entering the zone to transit the Strait of Hormuz would be added to Iran’s sanctions list, potentially losing insurance coverage and passage rights. Brent crude jumped to approximately $98 per barrel in response to the announcement. Iran simultaneously revealed plans for a new international shipping corridor through the Strait of Hormuz in coordination with Oman as an alternative route.
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