Iran's Fars News reports that Iran has launched a Hormuz Safe maritime insurance platform in the Strait of Hormuz, claiming it can be settled with Bitcoin The platform called Hormuz Safe/هرمزسیف has started providing insurance for sea freight passing through the Strait of Hormuz. A document obtained by Fars reporters shows that the Iranian Ministry of Economy has been pushing for a plan to "manage the Strait of Hormuz" through an insurance mechanism since early Ordibehesht in the Iranian calendar, around late April 2026. This plan can issue various marine insurance policies and financial liability certificates, with a potential revenue of over 10 billion US dollars. Fars also claimed that platform rules show that relevant insurance will be settled in BTC, and the goods will be confirmed on the chain and a signed receipt will be provided to the shipper. If this plan is implemented, it could bring Iran over $10 billion in revenue.