[Iran May Charge 'Insurance Fees' for Ships Passing Through the Strait of Hormuz] BlockBeats News, June 20, according to a report by the UK's *Financial Times*, the Iranian Persian Gulf Strait Authority has issued a document requiring all ships to hold insurance approved by the authority in order to pass through the Strait of Hormuz. This insurance is free during the period specified in the memorandum of understanding between the U.S. and Iran, but may incur charges later. The document has been circulated among shipping industry management. The document states, 'All ships must hold a valid insurance policy approved by the Persian Gulf Strait Authority.' At this stage, the insurance is 'free of charge,' but the authority 'reserves the right to impose insurance fees in the future.'