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Market Chatter: Iran Committee Backs Ban on US, Israeli Ships From Hormuz Strait

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An Iranian parliamentary committee has approved a ban on the entry of ships owned by the US, Israel and other "hostile countries," in an outline plan for management of the Strait of Hormuz, Tasnim News Agency reported Friday.

The plan was agreed by Iran's Parliament Committee on Councils and Internal Affairs and its content was confirmed by committee spokesperson Valiollah Bayati, the news report said.

Seven of 14 articles in the "Strategic Action Plan for Ensuring Security and Development of the Strait of Hormuz and the Persian Gulf" have been approved. The remainder will be discussed during meetings next week, Bayati told Tasnim.

The parliament's National Security and Foreign Policy Committee reportedly approved the plan's content earlier this week.

The Iranian parliament did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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