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Tehran approves plan to impose tolls on use of Strait of Hormuz

Iran’s parliamentary Security Commission has approved a plan to regulate and impose tolls on ships passing through the Strait of Hormuz, a strategic waterway through which about a fifth of the world’s oil supply passes, a commission member announced, APA reports citing IRIB.

The commission’s plan is to enforce “Iran’s sovereign role and that of its armed forces,” Iran’s state-run Islamic Republic of Iran Broadcasting (IRIB) said Monday.

The plan outlines several key elements aimed at reinforcing Iran’s control and oversight of the strait, including “security arrangements to safeguard the waterway, measures to ensure maritime navigation safety and financial regulations and rial-denominated tolls for vessels passing through and the prohibition of passage for vessels belonging to the United States and Israel,” according to IRIB.

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