HOT NEWS: Iran has drafted a bill to create the "Hormuz Law", which is expected to establish an official fee system for the Hormuz Strait.
Preliminary details include:
1. The Hormuz Law will impose fees on maritime activities and pollution in the Hormuz Strait
2. The draft law also includes the establishment of a "regional fund"
3. This move is seen as an effort to formalize long-term fees on global shipping routes
4. The United States has called these fees in the Hormuz Strait "illegal" and "unacceptable"
The situation in the Hormuz Strait is becoming more complex.
