Iranian Lawmakers Move to Ban U.S. and Israeli Ships From the Strait of Hormuz
Iran and Oman have agreed on a 60-day corridor that would split inbound and outbound traffic and keep the strait under joint control, officials said.
- Iranian lawmakers are considering a law to ban ships from the U.S., Israel, and other hostile countries from transiting the Strait of Hormuz, imposing fines up to 20% of cargo value for violations.
- Iran and Oman are negotiating a temporary framework to manage maritime traffic through the Strait of Hormuz, allowing commercial vessels to pass without fees, with inbound traffic coordinated by Iran and outbound by Oman.
- The U.S. rejects any law or agreement that would impose charges or restrict access, maintaining the Strait of Hormuz as an international waterway open to all countries without approval.
- The proposed legislation and ongoing tensions have caused crude oil prices to rise amid concerns over disrupted shipping through the strategic Strait of Hormuz, which handles about one-fifth of the world's oil supply.
61 Articles
61 Articles
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One U.S. official said that progress was made in talks between Iran and Oman aimed at the complete reopening of the Hormuz Strait
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