Iran requires permission and mandatory insurance for Hormuz transit, signals possible future fees
Iran said ships must obtain its permission to pass through the Strait of Hormuz and buy mandatory insurance it designates, which is free for now but could be charged later, while restricting transit to a single route along its coastline and banning alternatives. The move directly clashes with the US account that 20 ships transited overnight on a route it recommends along Oman’s coast. A 60-day interim arrangement between Washington and Tehran provided only that passage would be free during its term, leaving longer-term control unresolved. The announcements have lifted risk premia for energy shipping and intensified pressure on global crude supply-chain stability.
