Iran imposes new system on Hormuz Strait, stern warning to Kuwait and UAE
-
Media Baaji
- Sun, 17 May 2026
Kathmandu. Ibrahim Azizi, Chairman of the National Security and Foreign Policy Committee of the Iranian Parliament, has announced that his country will soon implement a new system for ship traffic through the strategically important Strait of Hormuz. Speaking to the media on Saturday, President Azizi claimed that the new system was designed to protect Iran's sovereignty and the security of international trade.
According to Ibrahim Azizi, only commercial ships and countries cooperating with Iran can benefit from this new arrangement. In addition to this, he informed that taxes will also be levied on ships for certain services provided under this new system.
The international business world has watched with interest this step that Iran is going to take in the Strait of Hormuz, which is considered one of the most important oil supply routes in the world.
Express
Related News
Middle East war causes fuel crisis in Asia: Army deployment in Bangladesh, Alopalo system to drive vehicles in Myanmar
Kathmandu. Due to the ongoing war in the Middle East, the price of crude oil has increased sharply in the international market, and there has been a severe lack of fuel and public anger in various countries in Asia. Especially in Bangladesh, after...
Russia declares 'no deadline' for ending Ukraine war
Kathmandu. Foreign Minister Sergei Lavrov told Russian state media on Thursday that Moscow is in no hurry to reach an agreement to end the war in Ukraine. Negotiators from both countries arrived in Geneva on Thursday as part of the negotiation pro...
Sheikh Hasina sentenced to death
Kathmandu. Bangladesh's International Criminal Tribunal (ICT) has found former Bangladesh Prime Minister Sheikh Hasina guilty of serious crimes against humanity. A three-judge tribunal has sentenced Sheikh Hasina to de...
6.2 magnitude earthquake in Hokkaido
Kathmandu. After a strong earthquake of 6.2 magnitude occurred on the northern island of Hokkaido on Monday morning, alertness has been increased as the possibility of more major shocks has increased there. This tremor, which came in the midst of...
Israeli attack after the cease-fire began, 254 dead
Kathmandu. Before celebrating the two-week cease-fire agreement between the US and Iran, Israel launched a terrible air attack without any prior information on various densely populated commercial and residential areas, including Beirut, the capit...
IMF warns that economic growth may fall below 2 percent if Iran war prolongs
Kathmandu. The International Monetary Fund (IMF) has warned that if the Iran war continues for a long time and energy prices continue to rise, the world economy could be pushed into recession. According to the IMF's "World Economic Outlook" report...