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Few Foreign Ships Seen in Hormuz Amid Reports of Iran’s Insurance Plan
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Few Foreign Ships Seen in Hormuz Amid Reports of Iran’s Insurance Plan

Bloomberg Markets · May 18, 2026, 3:26 PM · Also reported by 4 other sources

The Strait of Hormuz remains effectively closed to commercial shipping, with maritime traffic reduced to a trickle and dominated by Iranian-linked vessels. There were few notable foreign-affiliated movements amid reports of Iran’s Bitcoin-backed insurance program for shipping companies willing to tr

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Decrypt Iran Pushes $10B Bitcoin Insurance Plan for Strait of Hormuz: Report Investing.com Iran launches Bitcoin insurance for Hormuz Strait shipping Euronews Iran sets up Hormuz transit authority to charge ships for passage France 24 Iran sets up new Strait of Hormuz managing body amid stalled talks with US

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