Iran’s Latest Hormuz Threat Meets a Bond Market Already Near Breaking Point

Iran's parliament has advanced a plan to charge ships for using the Strait of Hormuz. The move adds fresh pressure on oil markets hours before Washington unveils new sanctions on Tehran.

Any disruption to Hormuz, which carries roughly a fifth of the world's oil, would hit supply hard. That pressure would land on a bond market already struggling with record government borrowing.

Iran's Parliament Moves on Hormuz Fees

Iran's National Security and Foreign Policy Commission backed a draft law on Sunday. It would require ships from countries that may use Hormuz to pay Tehran for the services it provides. Iran's full parliament still needs to approve the bill before it becomes law.

The proposal follows weeks of Iranian rhetoric toward nations cooperating with US pressure. Mohsen Rezaei, secretary of Iran's Supreme National Security Council, warned that Tehran would treat cooperating countries as enemies.

US Treasury Secretary Scott Bessent set the stage for Monday's sanctions announcement in a Financial Times op-ed.

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