{"id":4849,"date":"2026-06-20T01:48:26","date_gmt":"2026-06-20T01:48:26","guid":{"rendered":"https:\/\/www.insuracarelife.com\/blog\/irans-insurance-gambit-in-the-strait-of-hormuz-is-a-claim-waiting-to-happen\/"},"modified":"2026-06-20T01:48:26","modified_gmt":"2026-06-20T01:48:26","slug":"irans-insurance-gambit-in-the-strait-of-hormuz-is-a-claim-waiting-to-happen","status":"publish","type":"post","link":"https:\/\/www.insuracarelife.com\/blog\/irans-insurance-gambit-in-the-strait-of-hormuz-is-a-claim-waiting-to-happen\/","title":{"rendered":"Iran&#8217;s insurance gambit in the Strait of Hormuz is a claim waiting to happen"},"content":{"rendered":"<div>\n<p>During the 60-day window, the insurance is free &#8212; no payment changes hands, and the sanctions exposure is arguably manageable. But after day 60, if the PGSA introduces fees as it has explicitly reserved the right to do, a shipowner acquiring PGSA-approved insurance would be paying a sanctioned entity. That creates a direct conflict between the operational need to comply with PGSA requirements and the legal prohibition on transacting with OFAC-designated organisations. The MOU&#8217;s &#8220;toll-free&#8221; guarantee does not extend to insurance fees. The US position, per JD Vance on Thursday, is that &#8220;international waterways should be free of tolls&#8221; &#8212; not free of insurance premiums.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>During the 60-day window, the insurance is free &#8212; no payment changes hands, and the sanctions exposure is arguably manageable. But after day 60, if the PGSA introduces fees as it has explicitly reserved the right to do, a shipowner acquiring PGSA-approved insurance would be paying a sanctioned entity. That creates a direct conflict between [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[389,3833,3835,3283,11,3832,3834,2239],"class_list":["post-4849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-claim","tag-gambit","tag-happen","tag-hormuz","tag-insurance","tag-irans","tag-strait","tag-waiting"],"_links":{"self":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/4849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/comments?post=4849"}],"version-history":[{"count":0,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/4849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media\/4850"}],"wp:attachment":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media?parent=4849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/categories?post=4849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/tags?post=4849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}