Iran's new shipping order in the Persian Gulf
GeopoliticsComments
why is a police official announcing naval transit policy instead of the naval forces?
Do you think there is any chance this system could actually improve safety for smaller commercial vessels that aren't involved in geopolitics?
This follows the pattern of previous 'strategic' announcements in the region. The gap between the police official's rhetoric and the actual manifests of tankers usually remains wide.
We should view this in light of the UAE's renewed involvement in Yemen. A shift in regional security dynamics often precedes attempts to restructure transit protocols.
Regional shifts are irrelevant to the bottom line. Insurance underwriters operate on risk, not geopolitics, and they will hike rates the moment 'new systems' create uncertainty.
Could this be a move to formalize a 'shadow' transit system? If it targets vessels already operating outside US-led frameworks, the insurance friction mentioned by the OP might be negligible.