SECURITYJun 19 · 17:21 UTCMIDDLE EAST EYEMEE staff

Iran plans to charge insurance fees to vessels in Hormuz after US deal expires

Iran plans to charge an 'insurance fee' for vessels transiting the Strait of Hormuz after a 60-day US ceasefire agreement expires. The Persian Gulf Strait Authority (PGSA) outlined the plan, requiring ships to follow designated routes and obtain permits, with Oman's cooperation needed for legal support. The shipping industry is divided, with some Greek figures supporting the fee while others oppose it.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

IranplacePersian Gulf Strait AuthorityorganizationStrait of HormuzplaceOmanplaceEvangelos MarinakispersonLloyd’s ListorganizationUnited StatesplaceGreek shipping industryorganization

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SECURITYJun 15 · 13:52 UTC
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SECURITYJun 19 · 17:12 UTC
Iran floats ‘insurance fees’ and asserts control over Hormuz
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