00:00Iran will seek to bar US and Israeli ships from the Strait of Hormuz.
00:04Not only that, Tehran also plans to put in a requirement compensation from hostile countries
00:11before they are allowed to sail through it.
00:13Bloomberg reports this according to local media reports on a proposed Iran-Oman deal
00:18to manage the crucial waterway.
00:23The agreement has become key to expectations for a reopening of Hormuz
00:27and a resumption of energy flows that have been throttled
00:30since the US and Israel attacked Iran in February.
00:34There are not many US or Israeli flag commercial ships globally
00:38and only a few have sailed in and out of the Persian Gulf since the war started.
00:43It remains to be seen how broadly Iran might interpret such a ban
00:46as the complex nature of vessel ownership and management
00:50means some shipping companies with US or Israeli ownership or investment
00:54could be viewed as having links to those countries.
00:57The tax of the agreement is now under review in Iran's parliament
01:01according to the Fars News Agency.
01:04Fars also reported other details including a proposed ban on cargo related to Israel
01:09and a fee structure covering services like insurance and environmental costs.
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