US Considers 'VIP Pass' Plan to Normalize Ship Passage Through Strait of Hormuz

Amid the ongoing peace talks between Iran and the United States, the Trump administration is now considering new measures to normalize the passage of ships through the Strait of Hormuz. According to US media reports, the administration is discussing a plan under which shipowners will be able to safely and quickly pass through Hormuz with the protection of the US Navy by paying a fee. It is being informally called the "VIP Pass" plan. According to the report, President Donald Trump and White House Chief of Staff Susie Wiles have asked officials to find ways so that shipowners are willing to use the Hormuz route again. The center of the discussion is how to encourage insurance companies to reinsure ships. One official said that most cruises currently passing through Hormuz are considered to be in violation of insurance rules. The question is how to prepare insurance companies to reinsure coverage. According to the Clapper Commodity Company, despite the current presence of about 500 ships in the Gulf of Farsem, owners of Iranian oil are now standing by.