SECURITYFORTUNE
Iran floats ‘insurance fees’ and asserts control over Hormuz
Iran requires ships to obtain its permission and mandatory insurance to transit the Strait of Hormuz, while the US reported 20 vessels using an alternative route. Concerns grow over potential tolls on the strait, with Iran reserving the right to charge future insurance fees, despite a 60-day US-Tehran deal ensuring free transit.
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- Iran floats ‘insurance fees’ and asserts control over Hormuz
- Iran plans to charge insurance fees to vessels in Hormuz after US deal expires
- Iran requires insurance on ships using Strait of Hormuz, fees likely to follow
- New Iranian authority charged with overseeing Strait of Hormuz asks ships to register with it even as transits are free
- Iran to seek ‘insurance fees’ for passage through Strait of Hormuz