Tehran, Sept. 23 -- Iran's Parliament National Security and Foreign Policy Commission has approved provisions proposing new penalties for vessels that violate Iranian transit regulations in the Strait of Hormuz, as reported by Islamic Republic News Agency (IRNA), as tensions surrounding the strategically important waterway remain high amid the ongoing conflict with the United States.

The commission approved Articles 13, 14 and 15 of the proposed "Strategic Action to Ensure Security and Development of the Strait of Hormuz" bill on Tuesday.

As per IRNA, citing commission spokesperson Hassan Ghashghavi, the proposed legislation would establish penalties for vessels that fail to comply with Iranian transit regulations in the Strait of Hormu...