
Iran Introduces Bitcoin Insurance for Hormuz Shipping
Iran has introduced a Bitcoin-settled insurance service for domestic ships crossing the Strait of Hormuz as Tehran moves to formalize control over vessel traffic and related fees.

Iran has introduced a Bitcoin-settled insurance service for domestic ships crossing the Strait of Hormuz as Tehran moves to formalize control over vessel traffic and related fees.

War risk cover remains available for Persian Gulf and Red Sea shipping on a single-voyage basis, but insurers are tightening terms as disruptions, rerouting, and supply chain risks grow.
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