Iran details plan to regulate Hormuz shipping

Senior Iranian officials have grown frustrated with a government plan to generate revenue from shipping in the Strait of Hormuz, with little money collected despite expectations of significant income. The plan, previously outlined by a parliament member as a measure to stabilize Iran's sovereignty in the strait, appears to be failing financially. This comes as maritime traffic through the critical waterway remains significantly below normal levels, likely undermining the revenue scheme. The financial shortfall adds another layer of difficulty for Iran as it navigates the ongoing U.S. naval blockade and regional tensions.