Multiple outlets report that Iran is developing or has begun offering a digital “insurance” mechanism for vessels transiting the Strait of Hormuz. CoinDesk and Bloomberg, citing Iran’s economy ministry documents and reports from the state-linked Fars news agency, describe a plan to manage shipping through the strait using bitcoin payments. CoinTelegraph says screenshots of a website branded “Hormuz Safe” have circulated online and describe “digital insurance” for ships passing through the waterway. Al Jazeera frames the proposal as a bitcoin-based insurance concept that could raise concerns for global maritime stakeholders, while Decrypt reports an estimate tied to a potential large revenue and a framework for marine policies and certificates, with payouts or settlement conducted in bitcoin. Times of India adds that the platform accepts cryptocurrency payments and provides coverage for cargo transits using cryptographic verification. Taken together, the reports characterize the initiative as a mechanism for shipping insurance and settlement for Hormuz transit, with bitcoin or other crypto used in payments, and with formal or quasi-formal maritime policy documentation referenced in some accounts.