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Iran Is Drafting Law to Introduce Tolls for Hormuz Transit

Yongchang Chin, Arsalan Shahla
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⚡ Quantum Brief
Iran’s parliament is drafting a law to impose tolls on ships transiting the Strait of Hormuz, a critical chokepoint for global oil and gas shipments, according to state-linked media reports. The proposed bill, expected to finalize next week, would legally assert Iran’s authority over the strait, marking a significant escalation in its claims over the strategic waterway. An unnamed lawmaker told Fars News Agency the fees would apply to all vessels seeking safe passage, potentially disrupting trade routes for major energy producers in the Persian Gulf. The Strait of Hormuz handles roughly 20% of global oil supply, making the toll proposal a direct challenge to international maritime norms and free navigation principles. Analysts warn the move could trigger regional tensions, particularly with Gulf states and Western powers, amid ongoing disputes over Iran’s maritime and military activities.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran:The Iranian parliament is working on a draft bill that would impose a fee on vessels seeking safe passage through the Strait of Hormuz, according to the semi-official Fars news agency.Fars, citing an unnamed lawmaker, said the plan would be finalized next week, and would legally recognize Iran’s oversight of Hormuz, a vital conduit which connects some of the world’s largest oil and gas producers in the Persian Gulf with the wider world.

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Source: Bloomberg

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