Global insurgents are refusing to include Horomoz coverage as marine insurance providers, according to industry executives. Oscar Sickley, CEO of US insurance company NSI Insurance Group, told Al Jazeera that "none of the rebels we are working with are willing to take risks at this time" to cover passage through the vital waterway. "No one is willing to take a risk right now, especially with the current catch," Seikli said, adding that marine cover remains completely unavailable until regional conditions. The suspension of the insurance follows repeated warnings from Iranian authorities that vessels using unauthorized shipping lanes or navigating layers without Iranian approval face serious security risks. Tehran says at least a dozen commercial ships have been damaged in recent weeks to monitor what it says are destroying illegal routes, while its navy tightens patrols across the Persian Gulf.

Global insurgents are refusing to include Horomoz coverage as marine insurance providers, according to industry executives. Oscar Sickley, CEO of US insurance company NSI Insurance Group, told Al Jazeera that "none of the rebels we are working with are willing to take risks at this time" to cover passage through the vital waterway. "No one is willing to take a risk right now, especially with the current catch," Seikli said, adding that marine cover remains completely unavailable until regional conditions. The suspension of the insurance follows repeated warnings from Iranian authorities that vessels using unauthorized shipping lanes or navigating layers without Iranian approval face serious security risks. Tehran says at least a dozen commercial ships have been damaged in recent weeks to monitor what it says are destroying illegal routes, while its navy tightens patrols across the Persian Gulf.