Iran proposes 5-7% fee on Strait of Hormuz cargo amid US opposition

Iran proposes a 5-7% fee on cargo transiting the Strait of Hormuz, which may increase global shipping costs and heighten regional tensions. Additionally, Iranian parliament members are reviewing a bill to block US and Israeli shipments from the waterway. These actions, occurring despite US opposition, involve a joint venture with Oman to manage commercial traffic while specifically targeting hostile vessels to prevent their passage through this critical maritime choke point and challenging existing diplomatic relations.