Iran’s Persian Gulf Strait Authority says vessels transiting the Strait of Hormuz must hold an insurance policy approved by Tehran. In statements reported by multiple outlets, the authority describes the requirement as a form of “insurance fees” or an “insurance” condition tied to passage through the strategic waterway. The reports add that the policy required by Iran is currently described as free, but could involve charges in the future. The authority frames the move as asserting control over maritime access and safety arrangements around the strait, which is a key shipping route for oil and other commodities. Other coverage notes that the initiative would effectively condition use of the passage on compliance with Iran’s insurance arrangements, potentially creating a new cost component for shipping operators if fees are implemented. The discussions also highlight uncertainty about timing and the mechanics of any future charges, including how compliance and pricing would be handled. No outlet cited here provides details on enforcement steps, specific fee amounts, or an immediate start date for potential charges beyond the authority’s indication that future costs are possible.