Iran is reportedly weighing a new plan aimed at profiting from the undersea fiber-optic cables running through the Strait of Hormuz, according to Tasnim News Agency. The cables reportedly handle more than $10 trillion in daily global financial activity, including SWIFT transfers, stock trades, and currency exchanges.

Under the reported proposal, foreign companies would be required to pay permit and annual renewal fees, major tech firms including Meta, Amazon, and Microsoft would have to comply with Iranian law, and Iranian companies would receive exclusive control over cable repair and maintenance operations in the strait.