Live updates, Draft law says ships of countries permitted to pass through the Strait of Hormuz will pay for services provided by Tehran.Video Duration 28 minutes 38 seconds 28:38Why is Israel building new illegal settlements? | Inside StoryPublished On 24 Aug 2026
Iran has issued a warning that vessels violating its arrangements for transiting the Strait of Hormuz could face restrictions, including fines, detention or confiscation.
US Treasury Secretary Scott Bessent says Washington aims to “sever every economic lifeline” that sustains Iran ahead of an expected announcement from the US to impose extreme economic sanctions against Iran.
