IUVM Press | New Condition from Ship Insurers: Coordination with Iran Is the Key to Insurance in the Strait of Hormuz
Marine insurance companies, influenced by recent tensions in the Persian Gulf, have introduced a new condition for ship owners: to safely transit the Strait of Hormuz and benefit from insurance coverage, they must coordinate in advance with Iranian authori...
City of London wants to Keep Control.
See also: https://wanaen.com/coordination-with-iran-becomes-key-condition-for-insurance-coverage-in-the-strait-of-hormuz/
24 hour rule applies
No chance in hell this stands. Iran cannot be allowed to control access to the strait.
This will be for ships that take their insurance from Lloyds.
Remember, Trump's agency will be in direct competition with Lloyd's:
Banks are blocking the strait.