Iran launched the Hormuz Safe platform offering digital maritime insurance with crypto payments for vessels transiting the Strait of Hormuz amid soaring premiums.

Iran imposes a $1M toll on Strait of Hormuz transits, affecting shipping. At least 20 ships to transit by May 31 at 68% YES.

Iran is preparing to introduce a new mechanism that would require ships to pay fees before passing through the strategic Strait of Hormuz, amid growing regional tensions involving…