Iranian parliament approves toll bill for the Strait of Hormuz

Iranian parliament approves toll bill for the Strait of Hormuz

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On Monday, the 30th, during the midday session of the US stock market, the Iranian parliament approved a bill to impose charges at the Strait of Hormuz, marking further institutionalization of Iran's control measures over this critical global energy passage.

Against the backdrop of ongoing tensions in the Middle East, this move will undoubtedly heighten market vigilance about risks to oil supply and global shipping security. After news of the Iranian parliament passing the bill broke, Brent crude futures maintained a 2.3% gain, holding steady around $107.70.

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