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Iran's New Transit Insurance Rule Rattles Global Shipping

Tehran’s Persian Gulf Strait Authority mandates vessel coverage for Hormuz transit, drawing sharp industry criticism and raising fears of a precedent for tolling international waterways. Just days after a US-Iran Memorandum of Understanding promised toll-free passage through the Strait of Hormuz for 60 days, Iran has introduced a fresh complication: a mandatory insurance requirement for all vessels transiting the critical chokepoint. The move, a…
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Maritime Gateway - South Asia’s Premier Shipping and Logistics News Portal broke the news on Monday, June 22, 2026.
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