Iran seeks "insurance mechanism" to reduce risks for ships transiting through Hormuz

Iran Herald · June 27, 2026 Sanctions

Tehran [Iran], June 27 (ANI): Senior Iranian leader and former commander in Iran's Islamic Revolutionary Guard Corps (IRGC) Major General Mohsen Rezaei has called for the establishment of an 'insurance mechanism' for ships transiting the Strait of Hormuz, saying vessels involved in incidents should

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