Strait of Hormuz toll plan cleared by Iran as war disrupts global shipping: Here’s what it means
Tehran: Amid escalating tensions in West Asia disrupting global shipping, Iran's Parliament Security Committee has approved a 'Strait of Hormuz Management Plan,' which includes measures to impose tolls on vessels passing through the strategic waterway, as reported by Iranian state media, Islamic Republic of Iran Broadcasting (IRIB). The plan outlines provisions related to security, ship safety, environmental protection, and financial mechanisms, including the introduction of a rial-based toll system for vessels passing through the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and the Gulf of Oman, that handles roughly 20 per cent of global oil and…