{"id":93309,"date":"2026-05-18T12:48:15","date_gmt":"2026-05-18T12:48:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=93309"},"modified":"2026-05-18T12:48:15","modified_gmt":"2026-05-18T12:48:15","slug":"iran-reportedly-launches-bitcoin-based-shipping-insurance-for-hormuz-passage","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=93309","title":{"rendered":"Iran Reportedly Launches Bitcoin-Based Shipping Insurance for Hormuz Passage"},"content":{"rendered":"<div>\n<p>Although there\u2019s no clear resolution in sight for the ongoing war between the US and Iran, and the impact on crypto markets has been predominantly negative, new reports have doubled down that passage through the Strait of Hormuz could involve bitcoin.<\/p>\n<p>Citing new information from the semi-official Fars News Agency, Walter Bloomberg indicated that Iran has introduced a BTC-settled insurance service for vessels passing through the Hormuz.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">IRAN LAUNCHES BITCOIN-BASED SHIPPING INSURANCE FOR HORMUZ<\/p>\n<p>Iran has introduced a Bitcoin-settled insurance service for vessels passing through the Strait of Hormuz, according to the semi-official Fars News Agency.<\/p>\n<p>The \u201cHormuz Safe\u201d system is reportedly designed to cover ships\u2026 <a href=\"https:\/\/t.co\/FyOmWL32Wz\">pic.twitter.com\/FyOmWL32Wz<\/a><\/p>\n<p>\u2014 *Walter Bloomberg (@DeItaone) <a href=\"https:\/\/twitter.com\/DeItaone\/status\/2056352997165216159?ref_src=twsrc%5Etfw\">May 18, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This Hormuz Safe is designed to cover ships transiting the strategic waterway and could generate over $10 billion in revenue, some sources added.<\/p>\n<p>The Kobeissi Letter <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/2056354098794914167\">added<\/a> that the service will be for \u201cIranian shipping companies and cargo owners.\u201d The shipment will be covered from the moment of confirmation, and a signed receipt will be given to the owner, read the reports.<\/p>\n<p>Recall that previous reports from over a month ago <a href=\"https:\/\/cryptopotato.com\/btc-surges-toward-73k-as-iran-reportedly-demands-bitcoin-for-hormuz-passage\/\">claimed<\/a> that Iran planned to charge passing ships with up to $2 million in bitcoin. The new update didn\u2019t shed any light on that particular matter, as it remains unclear if the insurance service will be charged in addition to tolls.<\/p>\n<p>Bitcoin\u2019s price reacted with an immediate surge after the previous report, and it\u2019s already up by a grand since its local low charted earlier today. BTC now trades at $77,700 after it <a href=\"https:\/\/cryptopotato.com\/hype-defies-altcoin-crash-as-btc-dips-below-77k-market-watch\/\">dipped<\/a> below $76,600 earlier.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/iran-reportedly-launches-bitcoin-based-shipping-insurance-for-hormuz-passage\/\">Iran Reportedly Launches Bitcoin-Based Shipping Insurance for Hormuz Passage<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Although there\u2019s no clear resolution in sight for the ongoing war between the US and Iran, and the impact on crypto markets has been predominantly negative, new reports have doubled down that passage through the Strait of Hormuz could involve bitcoin. Citing new information from the semi-official Fars News Agency, Walter Bloomberg indicated that Iran [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-93309","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/93309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93309"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/93309\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}