An Iranian parliamentary committee has approved plans to impose taxes on traffic through the Strait of Hormuz, according to the Fars News Agency, which is affiliated with the Islamic Revolutionary Guard Corps (IRGC).
The report states that a member of the national security committee confirmed the approval of the plan, which would also ban U.S. and Israeli ships from passing through the strait, according to BBC.
It adds that countries participating in sanctions against Iran could also face restrictions under the proposed measures.
According to AFP, the new taxation system was announced on Iranian state television, which said Iran intends to implement it in cooperation with Oman.
Around 20% of the world’s crude oil typically passes through this vital maritime route between Iran and Oman.
However, since the outbreak of the conflict, traffic through the strait has dropped sharply by around 95%, according to maritime intelligence firm Kpler.
