Iran aims to ban U.S. and Israeli ships from Strait of Hormuz and charge others a toll
Iran's parliament is considering a plan to ban ships from hostile nations, including the U.S. and Israel, from the Strait of Hormuz. The proposal includes significant cargo fees and fines, escalating tensions amid an ongoing military conflict.
Why it matters
The Strait of Hormuz is a critical global chokepoint for energy supplies; any disruption or toll enforcement could trigger a major global economic crisis.
Iran's parliament is reviewing a plan to ban ships linked to the U.S., Israel and other "hostile countries" from transiting the Strait of Hormuz until Tehran is compensated for war damage, according to Iranian state media.
The plan would impose fees of up to 7% of cargo value on commercial vessels that pass through the strait. It would also fine ships 20% of cargo if they violate Iran's conditions.
Iran on Wednesday said it was finalizing an agreement on shipping routes with Oman, a U.S. ally that sits on the other side of the Strait of Hormuz. Iranian state media quoted the Foreign Ministry as saying that ships would enter through the strait's northern corridor near the Iranian coast and exit through the southern corridor near the Omani coast.
The Trump administration has disputed Iran's characterization of the agreement.
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