Iran Drafts "Hormuz Law" to Introduce Strait of Hormuz Navigation Fees
Iran’s parliament has reportedly approved legislation to impose transit fees of up to $2 million and restrict certain vessels in the Strait of Hormuz, adding firmer details to earlier reports about tighter shipping controls.
Fact Check
The claim is supported by multiple independent and authoritative news reports from March 2026. CNBC and Bloomberg (via gCaptain) confirmed the drafting of the 'Hormuz Law' for transit fees on March 26. Al Jazeera and Anadolu Agency reported on the Iranian parliament's push to withdraw from the NPT on March 28. Specific Iranian officials, such as Alaeddin Boroujerdi, have been cited as primary sources for these policy shifts.
Summary
Iran’s parliament has reportedly approved a bill that would charge ships passing through the Strait of Hormuz, with fees reaching as high as $2 million. Iranian media said the plan could also ban vessels linked to the U.S., Israel, or countries that imposed unilateral sanctions on Iran, while requiring fees to be paid in Iranian rials. The update advances the previously reported "Hormuz Law" from a draft proposal toward a parliamentary-approved measure with clearer fee levels, payment terms, and vessel restrictions.
Terms & Concepts
- Strait of Hormuz: A critical maritime chokepoint linking the Persian Gulf to global sea lanes, where new fees or restrictions can affect oil shipping and broader trade flows.