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Ofac

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Oil tanker at sea, Strait of Hormuz maritime shipping lanes 2026
Politics

Iran Hormuz Safe | Bitcoin Insurance Weaponizes Persian Gulf Shipping

Iran activated the Hormuz Safe Bitcoin maritime insurance platform on May 16, 2026, offering sanctions-bypass war risk coverage for vessels transiting the Strait of Hormuz. OFAC issued immediate secondary sanctions warnings.

Jack Sterling · May 17, 2026