Iranian Parliament Works on 11-Article Legislation to Impose Local Currency Fees on Ships in Hormuz

 The Iranian Parliament's National Security Committee announced today, April 27, 2026, the ongoing development of an 11-article draft resolution to manage navigation in the Strait of Hormuz. The project includes imposing transit fees on vessels to be paid in Iranian local currency, along with clauses banning ships linked to Israel or "hostile entities." This legislative move comes at a critical time in 2026 to strengthen economic and security control over the strategic waterway. Meanwhile, Omani Foreign Minister Badr Al-Busaidi held "fruitful" talks with his Iranian counterpart on maritime security, as the world monitors the legal implications of these new fees on international trade.