On Aug. 6, BlockBeats reported, citing Iranian media Fars News, that Iran’s parliament is reviewing a draft bill aimed at tightening transit rules in the Strait of Hormuz and the Persian Gulf. The proposal would bar vessels linked to the U.S., Israel and other hostile countries, and restrict shipments tied to Israel. It also seeks to limit ship traffic related to actions against the “Axis of Resistance,” deny passage to entities that owe compensation to Iran, and impose fines of up to 20% of cargo value for violations. The proposal has not been approved.
Iran’s parliament is reviewing a draft bill
On Aug. 6, BlockBeats reported, citing Iranian media Fars News, that Iran’s parliament is reviewing a draft bill that would tighten transit rules in the Strait of Hormuz and the Persian Gulf.
The proposal is still under review and has not been approved.
What the draft would change
According to the report, the main proposals include banning vessels linked to the U.S., Israel and other hostile countries from passing through the area; restricting military and civilian cargo tied to Israel; limiting ship traffic connected to actions against the “Axis of Resistance”; and denying passage to entities that are supposed to pay compensation to Iran.
The draft also calls for fines of up to 20% of cargo value for violations.
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