Iran to seek ‘insurance fees’ for passage through Strait of Hormuz

🌐 Financial Times (IR) —

AI Summary

Iran plans to require vessels passing through the Strait of Hormuz to carry Tehran-approved insurance policies. This move is aimed at generating 'insurance fees' for passage through the crucial waterway.

Vessels must hold Tehran-approved insurance policy to use vital waterway, says government agency

Politics Shipping Iran Strait of Hormuz insurance fees shipping regulation Tehran government

Read original source →