Iranian parliament set to approve bill asserting sovereignty over Strait of Hormuz
Iran's parliament is set to approve a bill that asserts the country's sovereignty over the Strait of Hormuz. This legislation would formalize Iran's control over a vital shipping lane and introduce tolls for vessels, payable in various cryptocurrencies. The bill aims to establish a legal framework for managing transit through the strait, which has been effectively blocked since February 2026.
- ▪The bill consists of 12 articles and has received approval from Iran's National Security and Foreign Policy Commission.
- ▪It includes provisions for charging fees on vessels and restricting access for ships from countries Iran considers hostile.
- ▪Iran has already begun collecting fees for oil transit, accepting payments in yuan and stablecoins.
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Iranian parliament set to approve bill asserting sovereignty over Strait of Hormuz A 12-article bill would formalize Iran's control over one of the world's most critical shipping lanes, with toll payments accepted in yuan, stablecoins, and Bitcoin. Share Add us on Google by Editorial Team May. 30, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Iran’s parliament is preparing to pass legislation that would formally declare the…
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