Iran Says Ships Violating Strait of Hormuz Transit Rules May Face Fines, Detention or Confiscation

Iran said ships that violate transit rules in the Strait of Hormuz may face fines, detention or confiscation.

BlockBeats, a media outlet focused on digital assets, reported on August 24 that Iran's Persian Gulf Straits Management Authority said vessels that breach the country's Strait of Hormuz transit regulations could be subject to fines, detention and confiscation.