Iran's supreme leader has declared a new phase in the management of the Strait of Hormuz, with some reports suggesting this will bring calm, while others indicate a hardline shift or demands for war compensation. The announcement has been framed by some as a declaration of victory, though it is unclear over whom or what this victory is claimed. The situation in the Strait of Hormuz appears to be developing, with reports of a US "escort" plan, though details of the new phase and its implications are not fully clear.