Iran to announce Strait of Hormuz mechanism on sea traffic and collection of fees

DUBAI- Iran has prepared a mechanism to manage traffic through the Strait of Hormuz along a designated route that will be unveiled soon, the head of the Iranian parliament's national security committee Ebrahim Azizi said on Saturday.

Azizi added that only commercial vessels and parties cooperating with Iran would benefit from the arrangement. He said fees would be collected for specialised services provided under the mechanism.

-Reporting by Jana Choukeir, Editing by Louise Heavens/Reuters