Iran's Parliament has approved a plan to impose tolls on ships passing through the Strait of Hormuz, a critical waterway in the Middle East. The plan includes financial arrangements and cooperation with Oman. The move is seen as a way to diversify Iran's revenue streams and reduce its dependence on oil exports.

A member of Parliament’s security commission reported that the plan includes “financial arrangements and rial toll systems”, “implementing Iran’s sovereign role”, and cooperation with Oman across the Strait