Iran Imposes Sanctions on US and Israeli Ships

According to a semi-official Iranian news agency, a lawmaker stated that an Iranian parliamentary committee is reviewing a draft law that would ban US, Israeli, and other 'enemy' ships from passing through the Strait of Hormuz. The draft law proposes that in the event of a violation of the restrictions, a fine of up to 20% of the cargo value of the ship would be imposed. The lawmaker noted that the laws are still under expert review and the parliament has asked experts to provide suggestions before finalizing the draft. Iran's move raises concerns that it could increase tensions in the region. Relations between Iran and the US and Israel are already strained, which could also affect the international community. Iran's actions in the Strait of Hormuz could also impact global energy markets, as the strait is a major transit route for oil and natural gas.