Iranian Parliament Vice Speaker Ali Nikzad unveiled a new transit regime for the Strait of Hormuz during a visit to Bandar Abbas in the southern Hormozgan province. According to Nikzad, the Iranian Parliament has drafted a 12-article governance plan for the strait. "The Strait of Hormuz governance plan has been laid out in 12 articles. Under this plan, Israeli vessels will never be allowed to transit the Strait of Hormuz. Vessels from countries that have engaged in hostile action against Iran will likewise be barred unless they pay war reparations." Other vessels will transit only under laws set by the Iranian Parliament and explicit Iranian authorization.
The announcement followed Mojtaba Khamenei's declaration the previous day that a "new legal framework is coming" for Hormuz, and now spells out its substance. Calling the new governance "as important as the nationalization of oil," Nikzad said: "Ship traffic in the Strait of Hormuz will not return to what it was before this third war that was imposed on us." Accompanying him, Public Works Commission Chair Mohammad Reza Rezaei outlined revenue allocation: "30% of revenue generated from Strait of Hormuz transits will be channeled to strengthening the armed forces, while 70% will go to improving public living conditions and development drives." Rezaei added that controlling Hormuz is more important than acquiring nuclear weapons.
From a supply chain standpoint, the statement permanently reshapes the architecture of Hormuz traffic that has been suspended for six weeks. First, vessels carrying the Israeli flag or Israeli ownership are effectively shut out — every Israeli-linked shipment along the Mediterranean-Suez-Hormuz-Asia axis must now route via the Cape of Good Hope. Second, the elastic definition of "hostile actions against Iran" leaves the operational status of U.S., U.K., French and even Australian flagged or controlled vessels open to abrupt shifts. Third, the "war reparations" condition seeds the infrastructure for a new transit-fee mechanism — opening fresh negotiation rounds in P&I insurance, charter party agreements and letter of indemnity practice. Fourth, the 30% military / 70% civilian revenue split signals transit fees are designed as a permanent revenue stream — meaning even if the U.S. blockade lifts, the transit regime may not normalize. For fertilizer, LNG and VLCC crude flows, the structure hardens medium-term debate around the north-south corridors (INSTC), Türkiye-Syria-Iraq pipeline options and the UAE-Saudi bypass canal proposals.
Key Takeaways:
1. Iran's Parliament has drafted a 12-article Strait of Hormuz governance plan (announced by VP Speaker Ali Nikzad in Bandar Abbas).
2. Outright ban on Israeli vessels; countries deemed hostile to Iran cannot transit unless they pay war reparations.
3. Other vessels require Parliament-set law and explicit Iranian authorization.
4. Revenue split: 30% to strengthening armed forces, 70% to public welfare and development (per Public Works Chair Rezaei).
5. 'The new governance is as important as the nationalization of oil'; ship traffic will not return to its pre-war state.
[3624774]
