Iranian Parliament approves bill to impose transit fees on the Strait of Hormuz

Golden Finance reports that on March 31, Iran’s parliamentary National Security Committee approved a bill to impose fees on vessels transiting the Strait of Hormuz. The planned provisions include implementing the financial arrangements and the fee system in the form of Iranian rials; banning ships from the United States and Israel from transiting the Strait of Hormuz; maintaining Iran’s and its armed forces’ dominant position; banning countries that participate in unilateral sanctions against Iran from transiting; and Iran will cooperate with Oman to develop the relevant legal framework. (CCTV News)