Iran Drafts New Law to Restrict Ship Transit Through Strait of Hormuz

Iran is drafting a new law to regulate vessel transit through the Strait of Hormuz, potentially barring Israeli ships and requiring compensation for damages. This move comes amid heightened tensions between the United States and Iran over the nuclear program and recent conflict, with Iran asserting its rights over the strategic waterway. Negotiations for a final agreement remain unresolved following a temporary ceasefire mediated by Pakistan.