Iran has proposed a three‑step plan to generate revenue from undersea fibre‑optic internet cables passing through the Strait of Hormuz, which carry over $10 trillion in daily financial transactions including Swift messages, stock trades and currency exchanges.
Citing Iran’s sovereignty over the strait’s seabed and water column under Article 34 of the UN Convention on the Law of the Sea, the plan includes:
Charging foreign companies for initial permits and annual renewals; requiring tech giants such as Meta, Amazon and Microsoft to operate under Iranian laws; and giving Iranian companies a monopoly on cable repair and maintenance.Get The Full, Details. .
Get Breaking News Before Everyone Else — Join Our Whatsapp Channel Now!!!
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
