Iran drafts law to restrict Strait of Hormuz

Iran's parliament has prepared a draft law imposing new regulations for passage through the Strait of Hormuz. The proposed law would require payment of tolls in Iranian rials, mandate the use of the name 'Persian Gulf' in contracts, and demand additional compensation from ships affiliated with nations that fought against Iran. Permanent passage prohibitions are included for Israeli-linked ships, countries that sanction Iran or block its assets, and military vessels of hostile nations such as the United States. The draft law represents a significant escalation in Iran's leverage over the strategic waterway.