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Iran is reportedly planning to charge transit fees on Strait of Hormuz shipping, with non-paying vessels facing delayed passage. The move would affect roughly 20% of global oil trade and raise costs for tanker operators and Gulf crude exporters. No implementation timeline has been confirmed.
India's Cabinet has approved a Rs 13,800-crore sovereign maritime fund to provide insurance cover for Indian-flagged vessels. The fund creates a state-backed risk pool, reducing reliance on foreign commercial underwriters whose terms can tighten during geopolitical disruptions. Coverage scope and deployment timelines
Tag
Iran is reportedly planning to charge transit fees on Strait of Hormuz shipping, with non-paying vessels facing delayed passage. The move would affect roughly 20% of global oil trade and raise costs for tanker operators and Gulf crude exporters. No implementation timeline has been confirmed.
2mo ago · 1 min · Global Affairs
India's Cabinet has approved a Rs 13,800-crore sovereign maritime fund to provide insurance cover for Indian-flagged vessels. The fund creates a state-backed risk pool, reducing reliance on foreign commercial underwriters whose terms can tighten during geopolitical disruptions. Coverage scope and deployment timelines
2mo ago · 1 min · Policy & Government
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