Iran tempts Trump’s fury as it approves new Strait of Hormuz plan set to rake in billions | World | News

The Iranian Parliament’s Security Commission has approved a plan to impose tolls in the Strait of Hormuz, hours after Donald Trump issued a new blistering threat to the country. On Monday, a member of the National Security Commission announced the plan had been given the go-ahead.

The plan includes eight key points, the news agency Fars, often described as close to the Islamic Revolutionary Guard Corps (IRGC), reports. Among other provisions are named the “safety of naval vessels”, environmental issues and the prohibition from passage of US and Israeli vessels.

The plan also include a toll system and the enforcement of Iran’s sovereign role in the area.

The plan comes just days after Iranian official laid out a list of demands to end the war, launched by the US and Israel on February 28.

The demands included, for the first time, the recognition of Iran’s sovereignty over the Strait of Hormuz – a key waterway that sees the passage of around 20% of the world’s oil supply as well as a significant portion of liquefied natural gas.

A tolling system, if Iran were to ever be able to implement its plan, could be a source of potentially billions of dollars in annual revenue – as well as a powerful pressure point on the global economy.

The new plan is likely to anger the US President, who today issued a new threat to Iran.

Taking to Truth Social, he wrote: “The United States of America is in serious discussions with A NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran. Great progress has been made but, if for any reason a deal is not shortly reached, which it probably will be, and if the Hormuz Strait is not immediately ‘Open for Business,’ we will conclude our lovely ‘stay’ in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!), which we have purposefully not yet ‘touched.’

“This will be in retribution for our many soldiers, and others, that Iran has butchered and killed over the old Regime’s 47 year ‘Reign of Terror.'”

Following the beginning of the war, Iran blocked the passage of most Western ships through the Strait of Hormuz, sparking fears of a global energy crisis.