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via BeInCrypto · By Lockridge Okoth

Iran Launches Bitcoin Insurance for Strait of Hormuz Shipping

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Lockridge Okoth

(12:50 PM UTC)

1 min read

Approved byJames Mitchell

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Iran launched Hormuz Safe, a state-backed Bitcoin-settled maritime insurance platform for cargo transiting the Strait of Hormuz.

The move lets sanctioned shippers pay premiums in crypto for instant digital coverage, potentially unlocking billions in new revenue while deepening crypto’s role in global energy trade.

Iran’s Bitcoin Insurance Bets Big on Hormuz Risk

Iran’s Ministry of…

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Lockridge Okoth · BeInCrypto

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