Iran's new Persian Gulf Strait Authority will require insurance for Strait of Hormuz transits, with a proposed Bitcoin-settled Hormuz Safe platform

Iran has announced plans to introduce maritime transit fees for ships passing through the Strait of Hormuz within two months, following a 60-day negotiation period triggered by…

Country’s Persian Gulf Strait Authority said that ships must follow a prescribed route that passes along its coast and that alternatives are prohibited. | World News