Iran Plans to Expand Control Over the Strait of Hormuz, Violating Ships Could Face Fines Up to 20% of Cargo Value The Iranian parliament is reviewing a new security draft aimed at expanding Iran's control over vessel passage, channel management, and maritime security in the Strait of Hormuz. According to the disclosed details, ships belonging to or associated with the U.S., Israel, and other nations deemed hostile by Iran may be prohibited from passing through the Strait of Hormuz. Military and civilian goods related to Israel, regardless of whether Israel is the origin or destination, could also face a transit ban. The draft further stipulates that vessels and goods that have supported actions against Iran or the Resistance Front may be subject to embargo. Nations, companies, or individuals identified by Iran as causing harm to it may also be denied passage until compensation is settled. Ships violating the regulations could be detained and face fines of up to 20% of the cargo's value or confiscation. The Iranian government also plans to collaborate with armed forces to strengthen vessel inspections, channel guidance, traffic monitoring, and maritime security management, while determining which ships are eligible for passage. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all-in-one trading platform.