π’ Iran pushes new security bill for Strait of Hormuz
Iran is considering a 'Strait of Hormuz Security' bill to give its Armed Forces greater oversight of the strategic waterway. This proposed legislation would specifically bar Israeli vessels involved in espionage or hostile activities from using the strait. The bill also grants Iran the power to increase tariffs or seize assets of hostile governments if Iranian interests are harmed globally. Furthermore, the bill would allow tolls and service charges to be collected in Iranian rials from crossing vessels. This development comes as global oil prices rise amid ongoing regional tensions. β½