06/19/2026
We all know that US and Israeli airstrikes against Iranian targets triggered the worst disruption to global maritime trade in decades. Now, since Trump and Iranian President Pezeshkian signed a Memorandum of Understanding but see the impact on vessels transiting to Strait of Hormuz due to newly created policy by Persian Gulf Strait Authority to carry Iranian-approved insurance…
Tehran's newly created Persian Gulf Strait Authority is requiring all vessels transiting the Strait of Hormuz to carry Iranian-approved insurance. Free for 60 days. Fees to follow.