SignificantEconomynypost·New York Post

Inside the quiet insurance racket Iran is running in the Strait of Hormuz — and how it will devastate Western shipping

The New York Post reported that Iran is allegedly operating an insurance racket in the Strait of Hormuz. This racket reportedly requires commercial shipping vessels to register with a new Iranian agency to pass through the strait.

Impact Score

7/10

Monday, June 22, 2026 at 05:03 PM EDT

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