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Iran's National Security Council spokesperson: The Commission approved section 2 (5) of the “Strategic Action for Sustainable Security and Progress in the Strait of Hormuz” Act, which requires bank guarantees and insurance guarantees for potential waterway traffic risks. Section 6 of the Act was also passed. This section clarifies the mechanism for determining service fees and insurance rates and enforcement regulations.
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Iran's National Security Council spokesperson: The Commission approved section 2 (5) of the “Strategic Action for Sustainable Security and Progress in the Strait of Hormuz” Act, which requires bank guarantees and insurance guarantees for potential waterway traffic risks. Section 6 of the Act was also passed. This section clarifies the mechanism for determining service fees and insurance rates and enforcement regulations.
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