Iran reviews draft bill proposing fines of up to 20% to bar US, Israeli ships from Hormuz
- Posted on August 7, 2026
- By Business News Today
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Iran reviews draft bill proposing fines of up to 20% to bar US, Israeli ships from Hormuz
An Iranian parliamentary committee is reviewing a bill to bar hostile vessels from the Strait of Hormuz. This preliminary legislation proposes significant fines for any ships violating these new restrictions. The draft bill is currently undergoing expert review and recommendations are being sought. Specialists have been invited to submit their suggestions before the draft is finalized. This proposed measure could impact international maritime transit through a vital waterway.
