Iran's parliament is reviewing a plan to ban ships linked to the U.S., Israel and other "hostile countries" from transiting the Strait of Hormuz until Tehran is compensated for war damage, according to Iranian state media.
The plan would impose fees of up to 7% of cargo value on commercial vessels that pass through the strait. It would also fine ships 20% of cargo if they violate Iran's conditions.
Iran on Wednesday said it was finalizing an agreement on shipping routes with Oman, a U.S. ally that sits on the other side of the Strait of Hormuz. Iranian state media quoted the Foreign Ministry as saying that ships would enter through the strait's northern corridor near the Iranian coast and exit through the southern corridor near the Omani coast.
Oman has not commented.
The Trump administration has disputed Iran's characterization of the agreement.
Microsoft signed a contract worth more than $100m with the Israeli government in 2024, according to...
President Volodymyr Zelensky warned international airlines and insurers on Tuesday that Russian airspace is becoming “completely...
Israeli veterans' organisation Breaking the Silence has accused the country's military of killing Palestinians in Gaza...
