BREAKING: Iran has launched a new website called the "Persian Gulf Strait Authority" to oversee traffic through the Strait of Hormuz just minutes after an Axios report claimed a deal was near to end the war and reopen Hormuz. The site signals plans to charge ships for safe passage and vessels are expected to receive rules and instructions via email under the new system. US oil prices are now up +5% from their low of the day.(The Kobeissi Letter)