There are growing indications that Iran may introduce a toll system for vessels passing through the Strait of Hormuz as regional tensions continue to rise amid the prolonged conflict in the Middle East.
The development comes as the ongoing war and diplomatic negotiations approach the three-month mark without a major breakthrough.
Iran had earlier announced plans to unveil a new framework for managing maritime traffic through the strategic Strait of Hormuz, one of the world’s most critical oil transit routes.
Reacting to the development, US President Donald Trump warned that Iran could face severe consequences if it fails to cooperate toward a peace agreement.
Meanwhile, Israel and Lebanon have agreed to extend the ceasefire that has been in place since April by an additional 45 days while both sides continue discussions aimed at reaching a political settlement.
Despite the ceasefire extension, Israeli air strikes have reportedly continued in southern Lebanon, further heightening tensions across the West Asia region.
The conflict between Israel and Hezbollah has continued to fuel instability, with concerns growing over the wider implications for regional security and global energy supply routes.
