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U.S. rejects Iran Hormuz draft barring American and Israeli ships

Developing

World Desk

Energy markets context amid Hormuz disruption
Illustrative markets chart (site media) — oil/energy context for Hormuz disruption; not a Strait photo

What we know

Iranian state outlet Fars on Thursday published a draft plan under parliamentary review that would bar U.S. and Israeli ships from the Strait of Hormuz, extend restrictions to countries and individuals that have “caused damage to Iran” until compensated, and impose penalties of up to 20% of cargo value on violators. The draft emerged as Trump and Treasury Secretary Scott Bessent had floated a possible U.S.–Iran deal by midweek, and as Tehran and Muscat said an Iran–Oman shipping-route understanding was in final drafting.

A U.S. official told CNBC any temporary routes would be “without any impediments—meaning no approvals or permissions and no tolls or charges,” and that Hormuz is an international waterway no party controls. Oil jumped on the restrictive draft after earlier weekly losses on reopen hopes. Separate Gulf and Iranian official messaging still described inbound traffic via Iranian waters and outbound closer to Oman, with some claiming no fees under a temporary Oman track—directly at odds with the Fars hardline text.

What's confirmed

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