The Iranian parliament is drafting a bill intending to levy a "security toll" on ships passing through the Strait of Hormuz, sparking concerns in the market about rising global energy transport costs.
According to the Iranian Students' News Agency (ISNA), the bill will require countries transporting energy, goods, and food through the strait to pay a fee, but specific fee standards and the legislative process have not yet been disclosed.
The Strait of Hormuz is one of the world's critical energy corridors, handling about one-fifth of oil and liquefied natural gas exports. Analysts believe that once the toll mechanism is implemented, it could increase shipping and energy costs and impact global supply chains.
