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Iran will announce Strait of Hormuz mechanism, collect fees, Iranian MP says

cudhfrance@gmail.com by cudhfrance@gmail.com
May 16, 2026
in Business
0
Iran will announce Strait of Hormuz mechanism, collect fees, Iranian MP says


Iran ​has prepared ‌a mechanism
to ​manage ⁠traffic through the Strait of ‌Hormuz along a
designated ‌route ‌that ⁠will be ⁠unveiled soon, the head of ​the
Iranian ‌parliament’s national security committee Ebrahim Azizi
said ‌on Saturday.

Azizi ​added that only ⁠commercial vessels and parties
cooperating ‌with Iran would benefit from the arrangement. ‌He
said fees would ​be collected for ⁠specialised services provided
under ⁠the mechanism.

Published on May 16, 2026

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