Iran Launches Bitcoin-Based Insurance Scheme for Ships Crossing Hormuz

Iran Sets Boundaries for New Oversight Area in Hormuz Corridor

Iran’s self-appointed Persian Gulf Strait Authority (PGSA) has asserted its control over the Strait of Hormuz, introducing a permission-based transit system. This move outlines a maritime zone extending from Kuh Mobarak to Fujairah, enhancing Iranian oversight amid escalating regional tensions and raising concerns among shipping operators about safety and security.

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