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Iran plans to impose transit fees in the Strait of Hormuz

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Note: This news was translated automatically and may contain some language errors.

HIBAPRESS – Agencies

A member of the National Security and Foreign Policy Committee in the Iranian Parliament announced the committee's approval of a plan to regulate and impose fees on ships crossing the Strait of Hormuz, a strategic waterway through which about a fifth of the world's oil supplies pass.

The Iranian Broadcasting and Television Organization, a government body, stated on Monday that the committee's plan aims to "strengthen Iran's sovereignty and the role of its armed forces." The plan includes several key elements aimed at "strengthening Iran's control and supervision of the Strait, including security arrangements to protect the waterway, measures to ensure the safety of maritime navigation, financial regulations and fees in Iranian Rial for crossing ships, and preventing the passage of ships belonging to the United States and Israel," according to the Broadcasting Organization.

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