Iran Is Drafting Law to Introduce Tolls for Hormuz Transit

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.