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Iran to seek ‘insurance fees’ for passage through Strait of Hormuz
Iran requires vessels to hold Tehran-approved insurance policies to use the Strait of Hormuz, a vital waterway, according to a government agency.
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- ‘VIP pass’: Trump administration mulling how to coax more oil tankers through Hormuz
- Iran plans to offer insurance for Hormuz transit: Will it work?
- Iran Uses Bitcoin to Build a SWIFT-Free Shipping System. The system would allow vessels to pay insurance premiums in Bitcoin, bypassing SWIFT and Western sanctions.