Iranian Lawmaker Says Parliament Committee Reviewing Preliminary Bill To Ban U.S., Israeli And Other 'Hostile' Vessels From Strait Of Hormuz; Iranian Draft Bill Envisages Fines Of Up To 20% Of Cargo Value For Violations Of Proposed Hormuz Transit Restrictions
-Reuters Citing Iran's Fars News Agency
Iran is thinking about a new rule that could charge fines on ships from certain countries passing through an important waterway called the Strait of Hormuz. This matters because a lot of oil travels through that waterway, so changes there can affect oil prices and how people feel about owning stocks.
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