Iran will seek to bar U.S. and Israeli ships from the Strait of Hormuz and require compensation from hostile countries before they¡¯re allowed to use it, according to local media reports on a proposed Iran-Oman deal to manage the crucial waterway.
The agreement has become key to expectations for a reopening of Hormuz and a resumption of energy flows that have been throttled since the U.S. and Israel attacked Iran in February.
The text is now under review in Iran¡¯s parliament, the semiofficial Fars news agency said. Fars reported other details including a proposed ban on cargo related to Israel, and a fee structure covering services like insurance and environmental costs.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.