Strait of Hormuz – IUMI update 24 June 2026

AI Summary

The International Union of Marine Insurance (IUMI) welcomed a recent Memorandum of Understanding between Iran and the United States and the establishment of a joint working group between Iran and Oman, marking positive steps towards restoring maritime security in the Strait of Hormuz.

The International Union of Marine Insurance (IUMI) welcomes the signing of the Memorandum of Understanding (MoU) between Iran and the United States, as well as the establishment of the Joint Working Group between Iran and Oman. These developments represent important steps towards restoring maritime security and stability in the Middle East, particularly in the Strait ...