India, June 19 -- US-Israel-Iran War Latest News: The crisis in the Strait of Hormuz has taken a new turn that is full of uncertainties following Iran's indication that it is considering imposing an "insurance fee" on ships transiting the most important oil routes in the world. This development occurs against a backdrop where the United States and Iran seek to stabilize the region amid conflicting rules of maritime law.

US-Israel-Iran War Latest News: Iran's "Insurance Fee" Proposal Raises Stakes

The Persian Gulf Strait Authority in Iran has developed a plan under which ships going through the Strait of Hormuz will be compelled to get compulsory insurance, with the supervision of Iran although the plan is said to be presently free of ch...