Iran Plans Fees for Submarine Cable Access Through Strait of Hormuz, Targets Tech Giants

GateNews

According to CNN, on May 18, Iran plans to charge major tech companies including Google, Microsoft, Meta, and Amazon for access to submarine cables passing through the Strait of Hormuz. Iranian military spokesman Ebrahim Zolfaghari stated last week, “We will charge fees on internet cables.”

According to media outlets close to Iran’s Revolutionary Guards, Tehran’s plan would require the tech companies to comply with Iranian law, while submarine cable operators would be forced to pay licensing fees for cable passage. The proposal was discussed by Tehran’s lawmakers last week and may target cables connecting Arab countries with Europe and Asia.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments