Iran imposes new rules for Hormuz in effort to cement control of key waterway | CNN
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Tehran has laid out a set of new rules for vessels seeking to transit the Strait of Hormuz, according to a document seen by CNN, pressing ahead with efforts to formalize control over the waterway in defiance of US warnings.

Iran is trying to force shippers to comply with a new protocol for transiting the Strait of Hormuz — or risk attack.

Tehran has laid out a set of new rules for vessels seeking to transit the strait, according to a document seen by CNN, pressing ahead with efforts to formalize control over the waterway in defiance of US warnings.

Entitled “Vessel Information Declaration,” the document is an application form issued by Iran’s newly created Persian Gulf Strait Authority (PGSA) and must be completed by all transiting vessels to ensure safe passage. It was shared with CNN by Lloyds List and another shipping industry source who wished to remain anonymous.

  • givesomefucks@lemmy.worldEnglish
    8·
    10 hours ago

    It’s unclear from the document whether passage will incur a fee. Tehran has touted the strait as a potential revenue stream that could help rebuild the country after destruction caused by American and Israeli strikes. It is reportedly charging up to $2 million per vessel for passage.

    Last week, the Treasury Department’s Office of Foreign Assets Control added guidance to its Frequently Asked Questions page clarifying that such payments would not be authorized for US persons or entities.

    “Payments to the government of Iran or the Islamic Revolutionary Guard Corps (IRGC), directly or indirectly, for safe passage through the Strait of Hormuz would not be authorized for US persons, including US financial institutions, or for US-owned or -controlled foreign entities,” it said.

    The “free” market…