A strategic proposal for smart management of the Strait of Hormuz has been uploaded to Iran's parliament for review and approval, a senior lawmaker said Wednesday.
The plan has reached its final stage in the Iranian Parliament's National Security and Foreign Policy Commission, the commission's head Ebrahim Azizi said.
Azizi said the proposal aims to use Iran's geographic position in the strategic waterway as a "power-generating leverage."
Regional tensions have escalated since the United States and Israel launched joint attacks on Iran on Feb. 28, triggering retaliation from Tehran against Israel as well as U.S. bases and assets in the Middle East, along with the closure of the Strait of Hormuz.
A ceasefire took effect on April 8 after 40 days of fighting through Pakistani mediation, but talks in Islamabad failed to produce a lasting agreement. The truce was later extended by U.S. President Donald Trump without a set deadline.
The blockade of the Strait of Hormuz, a critical strategic corridor handling one-quarter of global seaborne oil trade, as well as significant volumes of liquefied natural gas and vital fertilizers, have throttled global energy flows and caused fertilizer prices to spike.
Iran's smart management plan for Strait of Hormuz submitted to parliament for review: official
Iran's smart management plan for Strait of Hormuz submitted to parliament for review: official
