Iran weighs Hormuz plan banning Israeli and US ships, imposing cargo fines

Iran's National Security Committee is considering a preliminary strategic plan for managing the Strait of Hormuz, according to a report by Tasnim news agency. The proposed plan would ban Israeli and American vessels from the strategic waterway, prohibit Israeli-linked cargo, and impose fines on vessels that violate the restrictions.

The plan has not been finalized and is separate from negotiations between Iran and Oman regarding reopening and managing traffic through the strait. The plan consists of six central provisions, including banning vessels from hostile countries and charging fines up to 20% of cargo value. The extent of enforcement and defining "hostile states" remain unclear.

Iran and Oman are reportedly negotiating a phased arrangement for maritime traffic, with ships temporarily entering through a northern Iran corridor and exiting through a southern Oman corridor, before transitioning to a central corridor. Revenue from vessel fees would be generated by the services each country provides. The potential agreement faces approval from Iran's Supreme Leader.

The Strait of Hormuz is a critical maritime chokepoint and a vital route for energy exports from the Persian Gulf, making any changes to its management potentially significant for global energy markets and international shipping.