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The Economic Times
The Economic Times

Iran weighs fines up to 20%, vessel ban for ‘hostile’ ships in Hormuz

An Iranian parliamentary committee is considering a draft law that would restrict US, Israeli and other vessels deemed “hostile” from transiting the Strait of Hormuz, with violators potentially facing fines of up to 20% of their cargo value, Reuters reported, citing Iran’s semi-official Fars news agency.

Read more: 'War to end pretty soon': Trump says Iran 'can't go much longer,' optimistic about Strait of Hormuz talks

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