Technology

IRGC-linked media outlines plan to tax and control undersea internet cables in the Hormuz Strait — Iran's mouthpiece calls for a cut of $10 trillion of transactions that pulse through the cables daily

Source

Tom's Hardware

Published

May 11, 2026

TL;DR

AI Generated

IRGC-linked media in Iran is proposing a plan to tax and control undersea internet cables in the Hormuz Strait, aiming to generate revenue from the estimated $10 trillion of daily transactions passing through these cables. The plan includes licensing and levying fees on cable owners, requiring tech companies to operate under Iranian law, and ensuring Iranian companies maintain control of the cabling. Another Iranian news source suggests disrupting the cables, potentially causing significant financial damage. These actions could impact not only U.S. tech giants but also local and global businesses reliant on the undersea cables in the region.

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IRGC-linked media outlines plan to tax and control undersea internet cables in the Hormuz Strait — Iran's mouthpiece calls for a cut of $10 trillion of transactions that pulse through the cables daily

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IRGC-linked media outlines plan to tax and control undersea internet cables in the Hormuz Strait — Iran's mouthpiece calls for a cut of $10 trillion of transactions that pulse through the cables daily

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