Iran’s New ‘Toll by Insurance’ Raises Stakes in Strait of Hormuz
Iran said ships need permission and mandatory insurance to cross the Strait of Hormuz, while Western naval groups urged a route along Oman’s coast.
- On Thursday, Iran's Persian Gulf Strait Authority mandated that vessels crossing the Strait of Hormuz obtain passage permits, acquire mandatory insurance, and follow prescribed coastal routes or face violations.
- These requirements emerge as the 60-day agreement with the US nears expiration, with Iran seeking to assert control over the waterway and signaling potential future insurance fees for transiting ships.
- Ships must submit requests to the PGSA for permits, typically receiving responses within 48 hours. US Central Command advised vessels to utilize a safe corridor along Oman's coast.
- Shippers and oil producers worry these moves could crystallize a worst-case scenario: tolls on the Strait of Hormuz, with industry groups warning such fees would break international maritime law.
- While Iran claims its insurance policy is currently free, the PGSA reserves the right to introduce future charges. Reports of mines near Oman add to navigation risks and security concerns.
11 Articles
11 Articles
Iran Hints at Collecting Insurance Fees from Vessels Transiting Hormuz; Iranian Authorities' Document: Fees to be Determined After All Vessels Possess Insurance Policies. Concerns in the shipping industry are rising as Iran has indicated that it may collect insurance fees from vessels transiting the Strait of Hormuz in the future, citing the previous Memorandum of Understanding (MOU) signed with the United States.
Iran Announces Illegal Strait of Hormuz Closure
Just to be clear, the Strait of Hormuz is an international waterway. It is not under Iran’s jurisdiction. Tehran does not possess the legal authority to unilaterally shut down one of the world’s most important shipping lanes. Any attempt to block or suspend international transit would challenge long-standing principles of freedom of navigation and disrupt global commerce. The United States and most maritime powers maintain that the right of tran…
The spokesman-Review
FortuneIran floats ‘insurance fees’ and asserts control over Hormuz
Iran sought to assert control over the Strait of Hormuz by saying that ships need its permission and mandatory insurance in order to cross, even as the U.S. said that 20 ships had quietly sailed through overnight via a route along Oman’s coast.
Iran plans to charge insurance fees to vessels in Hormuz after US deal expires
Iran plans to charge insurance fees to vessels in Hormuz after US deal expires Submitted by MEE staff on Fri, 06/19/2026 - 17:19 Iran lays the groundwork for a new transit system in critical waterway, but will need Oman's buy-in to shore up legal defence Cargo ships are pictured off the coast of the Khor Fakkan container terminal, the only natural deep-sea port in the region and one of the major container ports in the emirate of Sharjah, al…
Iran Floats 'Insurance Fees' and Asserts Control Over Hormuz
(Bloomberg) — Iran sought to assert control over Strait of Hormuz by saying that ships need its permission and mandatory insurance in order to cross, even as the US said that 20 ships sailed through overnight via a route it recommends along Oman’s coast.
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