Iran Parliament Weighs Bill Fining Violating Ships Up to 20% of Cargo Value in Hormuz

This is a sovereignty play dressed as maritime regulation: Tehran is trying to convert its geographic chokepoint leverage into a formal, collectible revenue mechanism rather than relying on ad hoc interdiction. If enacted, it would put shipowners, charterers and their insurers in the position of pricing a new political risk into every Hormuz transit, with cargo value itself as the penalty base. The bill remains under parliamentary review, so the open questions are whether it survives in this form, how violations would be adjudicated, and whether flag states and insurers treat a parliamentary fine as distinct from a military threat.