Iran’s parliament is preparing to pass legislation that would formally declare the country’s management and sovereignty over the Strait of Hormuz, the narrow waterway through which a significant chunk of the world’s oil supply flows every day.
An Iranian lawmaker confirmed that the bill is in its final stages of review. If passed, it would transform what has been a de facto blockade since late February 2026 into a codified legal framework, complete with toll collection, vessel restrictions, and a crypto-powered insurance platform.
What the bill actually does
The legislation consists of 12 articles and received approval from Iran’s National Security and Foreign Policy Commission back in April 2026. On May 13, the commission finalized a comprehensive management plan and sent it to the full parliament for review.
The bill lays out a practical framework for charging fees on vessels transiting the strait and restricting access for ships linked to countries Iran considers hostile, particularly those with ties to Israel.
