Managing Hormuz via Iranian Rial: Parliamentary Move in Tehran to Legalize "Sovereignty Fees" and Ban Hostile Ships

 The Iranian Parliament unveiled details today, Monday, of a draft resolution aimed at "regulating navigation" in the Strait of Hormuz through 11 binding legal articles. The project mandates passing ships to pay transit taxes exclusively in Iranian currency and places strict restrictions preventing the passage of shipping linked to Israel or adversaries. This parliamentary move strengthens Iranian leverage in the second quarter of 2026 amidst ongoing conflict. Simultaneously, the Omani Foreign Minister discussed with Abbas Araghchi in Muscat ways to contain the crisis and secure the waterway, balancing Iranian demands with recognized international maritime laws and sovereign rights.