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Hormuz

Iran Says Hormuz Strait Now Completely Open for Commercial Ships

Iran announced that the Strait of Hormuz is now “completely open” for commercial traffic, a major...

Beazley Plans $1B Marine War Consortium for Transiting Strait of Hormuz

Beazley, the specialty Lloyd’s insurer, has announced its intention to launch a marine war consortium, offering...

US and Iran Weigh Truce Extension With Hormuz Still Shuttered

The US and Iran are considering a two-week ceasefire extension to allow more time to negotiate...

Tankers Pass Strait of Hormuz on First Day of US Blockade, Data Shows

A third Iran-linked tanker was entering the Gulf via the Strait of Hormuz on Tuesday on the first full day of the U.S. blockade...

US Doubles Hormuz Guarantees to $40 Billion With New Partners

The U.S. is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing...

US Doubles Hormuz Reinsurance Guarantees to $40 Billion With New Partners

The US is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing...

Secret Codes and Yuan Fees Get Ships Through Iran’s Hormuz Tollbooth

In recent days, the operator of an oil tanker stuck in the Persian Gulf received a...