Iran’s Economy Ministry Proposes Insurance-Based Model to Manage Strait of Hormuz
Iran's Economy Ministry pursues a plan to manage the Strait of Hormuz through insurance, aiming to enable post-war control of the Strait in compliance with international law while generating economic benefits for Iran.
According to a document obtained by a Fars reporter, the Ministry of Economy is advancing a plan that would "make the management of the Strait of Hormuz possible through insurance" — a model that would be acceptable to other countries during peacetime while still allowing Iran to exercise control over the Strait.Under this plan, Iran would achieve informational dominance and be able to distinguish between the transit of vessels from different countries.Since the outset of the recent war between the United States and the Zionist regime against Iran — the "Ramadan War" — Iran has declared that "the security of the Strait of Hormuz is under the authority of the armed forces of the Islamic Republic." Consequently, management of the Strait will remain in Iran's hands permanently, given the losses Iran has incurred from the passage of enemy vessels through it.From an international law perspective, while imposing tolls on ships in the post-war period may be possible, it would carry political costs. Management of the Strait would then be limited to selling services, which, under the best circumstances, would generate up to `$2 billion in revenue for Iran.Under the Economy Ministry's plan, managing the strait through an insurance framework would enable the issuance of various marine insurance policies as well as certificates of financial responsibility.
The plan would begin with insurance covering inspection, detention, and confiscation — which does not cover damages from weapon strikes. This approach, while assuming low risk, would generate over $10 billion in revenue for the country.
11:04 - 16 مه 2026
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