{"id":501396,"date":"2026-06-19T19:54:24","date_gmt":"2026-06-19T19:54:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/501396\/"},"modified":"2026-06-19T19:54:24","modified_gmt":"2026-06-19T19:54:24","slug":"its-madness-shock-iranian-announcement-upends-marine-insurance","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/501396\/","title":{"rendered":"\u201cIt\u2019s Madness\u201d \u2013 Shock Iranian announcement upends marine insurance"},"content":{"rendered":"<p>During the 60-day window, the insurance is free &#8212; no payment changes hands, and the sanctions exposure is arguably manageable. But after day 60, if the PGSA introduces fees as it has explicitly reserved the right to do, a shipowner acquiring PGSA-approved insurance would be paying a sanctioned entity. That creates a direct conflict between the operational need to comply with PGSA requirements and the legal prohibition on transacting with OFAC-designated organisations. The MOU&#8217;s &#8220;toll-free&#8221; guarantee does not extend to insurance fees. The US position, per JD Vance on Thursday, is that &#8220;international waterways should be free of tolls&#8221; &#8212; not free of insurance premiums.<\/p>\n","protected":false},"excerpt":{"rendered":"During the 60-day window, the insurance is free &#8212; no payment changes hands, and the sanctions exposure is&hellip;\n","protected":false},"author":2,"featured_media":501397,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,230531,43,114994,40,38,41,39],"class_list":["post-501396","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-marine-insurance","tag-news","tag-strait-of-hormuz","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/501396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=501396"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/501396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/501397"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=501396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=501396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=501396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}