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Opinion

Tehran Is Using Insurance Rates as a Weapon of War

Tehran Is Using Insurance Rates as a Weapon of War
A girl watches a televised statement by Iran's new leader Mojtaba Khamenei on a mobile phone on March 12, 2026. AFP via Getty Images
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Commentary

Iran has established de facto control over the Strait of Hormuz, despite the losses in its air, missile, and naval forces. It has achieved that by demonstrating the ability to inflict catastrophic costs on shipping that does not comply with its “regulations.”

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Carl Schuster
Carl Schuster
Author
Carl Schuster is a freelance writer who retired from the U.S. Navy as a captain after 25 years of active-duty service. His post-military career spanned 25 years as a university lecturer and defense consultant. He currently resides in Honolulu, Hawaii.