Iran Imposes New Insurance Rules For Ships In Strait Of Hormuz

Iran has introduced new conditions for vessels passing through the Strait of Hormuz, one of the world’s most important energy shipping routes.

According to a document obtained by CBS News, all ships transiting the strait must carry insurance policies approved by Iran’s newly established Persian Gulf Strait Authority (PGSA). The agency, created during the recent conflict, claims sole authority over traffic management in the waterway.

The document also states that vessels must continue seeking transit permission from the PGSA during the 60-day period outlined in the U.S.-Iran memorandum of understanding. Ships will be required to follow designated routes near Iran’s Larak Island.

The report said the authority reserves the right to introduce insurance-related fees in the future. The new measures suggest Tehran intends to maintain significant oversight of maritime traffic despite the recent U.S.-Iran agreement aimed at reopening the Strait of Hormuz and restoring commercial shipping flows.

Related Tweet:

Iran said ships that cross the Strait of Hormuz need its permission to pass the vital waterway, in a document that sets the stage for future tolling arrangements https://t.co/rE20yaLhfW

— Bloomberg (@business) June 19, 2026

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tippinsightsTIPP Staff