Bitcoin Meets Geopolitics: Iran Launches Crypto Insurance For Ships In The Strait Of Hormuz
Nearly 20% of the world’s oil supply moves through the Strait of Hormuz. Iran now wants a cut of it — not by force, but through Bitcoin. Related Reading: XRP Will Go ‘Higher, Much Higher,’ Analyst Says, Betting On Explosive Breakout A Platform Built Around Geography Iran’s Ministry of Economy launched Hormuz Safe on May 16, 2026, a maritime insurance platform that lets cargo operators pay with Bitcoin and other cryptocurrencies instead of going through traditional banks. Once a payment clears on
Source — newsbtc
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Published: Tue, 19 May 2026 03:00:46 +0000
Category — CRYPTO
Region: newsbtc | Section: CRYPTO
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