ISNA: Iran's National Security Council spokesman said the council approved two key provisions of the Hormuz Strait Sustainable Security and Progress Strategic Action bill. Article 2, paragraph 5 requires transit vessels to provide bank guarantees and purchase risk insurance; paragraph 6 sets the mechanism for determining service fees and insurance rates and specifies implementation details.

2026-09-01

ISNA: Iran's National Security Council spokesman said the council approved two key provisions of the Hormuz Strait Sustainable Security and Progress Strategic Action bill. Article 2, paragraph 5 requires transit vessels to provide bank guarantees and purchase risk insurance; paragraph 6 sets the mechanism for determining service fees and insurance rates and specifies implementation details.