Iran's Hormuz Strait plan reportedly blocks U.S., Israeli ships; U.S. rejects any 'impediments'

U.S. and Israeli ships would be blocked from passage through the Strait of Hormuz under the terms of a draft plan on how to manage the economically vital waterway, Iranian state news outlet Fars reported Thursday.

The U.S. appeared to quickly reject the terms under consideration, which emerged after President Donald Trump and Treasury Secretary Scott Bessent had said a deal between the U.S. and Iran could come by Wednesday or Thursday.

"Any temporary routes will be without any impediments — meaning no approvals or permissions and no tolls or charges," a U.S. official told CNBC when asked about the Fars report. "The Strait of Hormuz is an international waterway and no party controls the lanes or the ability to transit through them," the official added.

The plan, according to Fars citing a member of Iran's parliament, would also bar Israeli cargo and related vessels. The restrictions will extend to "countries and individuals that have caused damage to Iran" until that harm is "compensated," according to the report.

Iran plans to issue penalties of up to 20% of the value of the cargo of those who violate the terms of the agreement, which is currently under review, per Fars.

Earlier, regional officials said Iran and Oman are close to finalizing a deal on shipping through the strait, as both Iran and the U.S. signaled a deal would be announced soon.

Shipping through the strait will face "no fees or tolls" under a temporary deal agreed between Iran and Oman, an Iranian government official linked with the agreement told MS NOW.