Iran has taken steps to block shipments from the US and Israel that pass through the Strait of Hormuz. According to reports, ships that violate this policy may face penalties. Iranian authorities will impose a fine on ships that do not comply with the policy.

The fine is set at 20 percent, as reported by state media. Further information on this development can be found through KTSM 9 News, which is following the situation. Details on the policy and its implications are available from the source.