• العربية
  • فارسی
Brand
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
  • Live TV
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
  • Live TV
  • Theme
  • Language
    • العربية
    • فارسی
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
  • Live TV
All rights reserved for Volant Media UK Limited
volant media logo

Marine insurers cut Hormuz coverage pricing window as Iran conflict raises risks - CNN

Jul 10, 2026, 09:13 GMT+1

Marine insurers are pricing war risk coverage for ships transiting the Strait of Hormuz just six hours before voyages because of the conflict involving Iran, David Smith, head of marine at London broker McGill and Partners, told CNN.

"Following a period of relative stability and recovering transit volumes, recent events in the Strait of Hormuz have once again shifted the risk landscape," Smith said.

War insurance premiums now "track exactly what is happening geopolitically... almost on an hourly basis," he said, adding that underwriters wanted to price policies six hours before a transit, down from the usual 24 to 48 hours.

Most Viewed

Iran court sentences 10 protesters to death in Isfahan
1

Iran court sentences 10 protesters to death in Isfahan

2

US-Iran fighting flares after diplomatic push stalls

3
VOICES FROM IRAN

Iranians hit back at VP's case for pricier gasoline as dollar passes 2.1m rials

4
VOICES FROM IRAN

Nearly half in poll would not buy home in Iran even if they could afford it

5
INSIGHT

Actor dropped from play after pro-Palestine stance in rare reversal for Iran

Banner
Banner
Banner

Spotlight

  •  Hackers without borders: serving Tehran, stealing on the side
    SPECIAL REPORT

    Hackers without borders: serving Tehran, stealing on the side

  • The republic of magic: How Iran turned the unseen into an instrument of rule
    ANALYSIS

    The republic of magic: How Iran turned the unseen into an instrument of rule

  • President's son questions enrichment, ignites fierce debate in Tehran

    President's son questions enrichment, ignites fierce debate in Tehran

  • Iran fires back, but can missiles ease economic pain?
    ANALYSIS

    Iran fires back, but can missiles ease economic pain?

  • IRGC Unit 4000 plans attacks on shipping in East Asia, sources say
    EXCLUSIVE

    IRGC Unit 4000 plans attacks on shipping in East Asia, sources say

  • Iran loses ground on trade as war hits oil and non-oil exports
    ANALYSIS

    Iran loses ground on trade as war hits oil and non-oil exports

  • Iranians hit back at VP's case for pricier gasoline as dollar passes 2.1m rials
    VOICES FROM IRAN

    Iranians hit back at VP's case for pricier gasoline as dollar passes 2.1m rials

•
•
•

More Stories

Tehran torn between war and deal as Khamenei is buried

Jul 10, 2026, 03:30 GMT+1
•
Behrouz Turani
100%
A woman holds a portrait of Ali Khamenei near graffiti supporting his successor Mojtaba Khamenei during funeral ceremonies in Tehran, July 7, 2026

Iran’s media landscape is sharply split over the latest escalation, with moderate outlets warning that ordinary Iranians will pay the price and hardline voices calling for forceful retaliation against US interests and regional energy routes.

The debate comes as Ali Khamenei was buried in Mashhad after a week of funeral ceremonies, marking the symbolic beginning of a new political era for the Islamic Republic.

One headline on a leading Tehran news site captured the anxiety: “People will have to pay the price of uncalculated slogans.”

Other outlets warned of “the very high possibility of a full-fledged war,” soaring exchange rates and gold prices, and a country trapped in “a war between wars.”

Coverage on pro-reform Fararu and other outlets reflected growing concern over security and the economy, as Iranians rushed to convert savings into gold and dollars in a volatile market reacting to every comment from Tehran or Washington.

‘Incation worse than compromise’

Economist Mehdi Pazouki warned in an interview with Fararu that continued uncertainty would deepen the damage to Iran’s economy and people’s livelihoods.

“Every single day earlier that the agreement is signed is in the country’s interest,” he said, urging Tehran to finalize an agreement with Washington and pursue deeper reforms.

“The cost of inaction is far greater than the cost of compromise,” he added.

Despite renewed military escalation, Reuters cited a US official on Thursday as saying Washington remained committed to finding a resolution with Iran and that technical talks were continuing.

The pro-Pezeshkian daily Etemad voiced concern over the growing pressure on Iran’s state institutions.

While acknowledging what it called “the necessity of a calculated defense to deter unilateral American bullying,” the paper warned that a wider regional war could overwhelm civilian systems.

It pointed to casualties reported by the Health Ministry—at least 14 killed and 78 wounded—and damage to transport corridors in Khuzestan and Golestan provinces.

Etemad urged the Supreme National Security Council to ensure that any military response does not close backchannel or third-party diplomatic efforts, arguing that preventing a broader crisis must remain the government’s priority.

Sharq warned that US strikes on bridges and the Tehran-Mashhad railway marked a shift toward what it described as efforts to isolate Iran’s domestic markets.

Sharq said Iran’s ability to withstand pressure depends not only on military power but also economic durability, urging the government to use global concerns over energy instability to push for mediation.

‘Sacrilegious and criminal’

Hardline outlets presented the same developments as evidence that Iran should abandon restraint and expand its response.

Conservative factions framed the latest strikes as an opportunity to enforce Iranian control over the Strait of Hormuz.

Kayhan, whose chief is customarily appointed by the Supreme Leader, described the targeting of the Tehran-Mashhad railway corridor ahead of the late Supreme Leader’s burial as a “sacrilegious and criminal act of desperation.”

It argued that Supreme Leader, Mojtaba Khamenei now had a mandate for defiance, warning that any attack on Iran’s infrastructure would render “the entire maritime transit apparatus of the Persian Gulf completely non-operational.”

In a commentary headlined “Shattering the Logistics of Aggression,” the municipal daily Hamshahri praised Iranian strikes on US targets, including Patriot missile infrastructure in Kuwait and fuel depots in Bahrain.

Hamshahri argued that by expanding attacks to include host nations, Tehran was weakening what it described as the American security umbrella in the region.

The paper warned that disruption of Iran’s transport networks would be answered with paralysis of the regional energy supply chain.

A remote bridge shows how US-Iran war is expanding

Jul 10, 2026, 01:28 GMT+1
•
Umud Shokri
100%
An image related by Iranian media purportedly showing the damage to the Aq Takeh Khan bridge in northeastern Iran, July 9, 2026

A reported US strike on a railway bridge in northern Iran has drawn attention to a lesser-known front in the widening conflict: the battle over the transport corridors linking Iran to Central Asia, Russia and China.

Iranian state media and the IRGC said cruise missiles attributed to US forces struck the Aq Tekeh Khan railway bridge near Aqqala in Golestan province early Wednesday, damaging the Gorgan–Incheh Borun railway line.

Washington has not confirmed the strike, and the claim has not been independently verified.

The bridge is part of Iran’s northern rail connectivity with Turkmenistan and wider Central Asian networks, making it relevant to military logistics, civilian trade, sanctions resilience and alternative transit routes.

Its targeting, if confirmed, would suggest that transport nodes are becoming strategic assets in the widening conflict, where pressure on dual-use infrastructure can disrupt connectivity without focusing only on conventional military sites.

Why the bridge matters

The Aq Tekeh Khan Bridge lies on the Gorgan–Incheh Borun railway, a key segment linking Iran’s interior to its northeastern border with Turkmenistan.

Incheh Borun serves as an important rail crossing and dry port in Golestan province, connecting southward into Iran’s national railway network and northward into the Kazakhstan–Turkmenistan–Iran corridor inaugurated in 2014.

The corridor, stretching from Kazakhstan through Turkmenistan into Iran, provides an overland connection between Iran and Central Asia, with links to Russia, China and wider Eurasian markets.

It also complements the International North-South Transport Corridor (INSTC) and overlaps with China’s Belt and Road Initiative ambitions by offering alternatives to vulnerable maritime routes.

For Iran, this northern railway artery is strategically valuable because it expands access to resource-rich Central Asian states and supports transit flows less exposed to Gulf chokepoints.

Freight trains from China have also moved along related corridors, underscoring the route’s place in broader East-West Eurasian trade.

Battle of transport networks

If confirmed, targeting railway infrastructure would suggest a broadening of strike objectives beyond traditional military facilities.

Railway bridges such as Aq Tekeh Khan are dual-use assets: they support civilian commerce, military mobility, sanctions-evading trade and rapid wartime logistics.

In modern conflicts, from Ukraine to the Middle East, infrastructure warfare has become increasingly central. Railways, ports, pipelines, bridges and power grids serve as chokepoints where military pressure and economic disruption intersect.

A damaged bridge can force rerouting, increase transport costs, delay supply chains and create bottlenecks whose effects exceed the physical scale of the strike itself.

For Iran, already facing pressure on southern ports, energy infrastructure and Gulf-facing trade routes, disruption to northern rail connectivity would test the resilience of its overland alternatives.

Targeting sanctions lifelines?

Damage to the Aq Tekeh Khan Bridge and associated rail services could limit Iran’s ability to move goods, fuel, equipment and strategic materials along its northern corridor.

Iranian authorities said the damage was repaired within a day and rail traffic had resumed, a claim that could not be independently verified. Even if temporary, the disruption highlights the importance of repair speed and infrastructure resilience in a conflict increasingly focused on transport networks.

Northern rail connectivity becomes especially important when southern ports or the Strait of Hormuz face military or political pressure. In such conditions, Iran’s ability to maintain alternative land routes through Central Asia, the Caspian region and Russia becomes part of its wider strategic depth.

Iran has spent years developing land corridors with Central Asia, Russia, China and the Caspian region to reduce dependence on maritime routes exposed to sanctions, surveillance and possible interdiction.

The Kazakhstan–Turkmenistan–Iran railway and INSTC-linked routes are central to that strategy, enabling transit revenues, regional trade and access to markets where sanctions enforcement may be less direct.

Strikes on such infrastructure could therefore be intended to erode Iran’s sanctions resilience by raising operational risks for partners and discouraging use of Iranian corridors during periods of conflict.

Regional consequences

The reported strike also carries potential implications for Turkmenistan, Kazakhstan and other Central Asian states.

These countries have invested in diversified transit routes through Iran to reach Gulf ports and global markets while reducing dependence on Russian or Chinese-controlled corridors.

If Iranian routes are viewed as vulnerable during conflict, governments and commercial operators may reassess their reliability.

For China, disruption to Iranian-linked corridors adds uncertainty to longer supply chains connecting East Asia, Central Asia and the Middle East.

For Russia, which has deepened logistical ties with Tehran, damage to Iranian transport infrastructure could complicate southern access routes.

The reported strike highlights how infrastructure has become part of modern strategic competition.

For Iran, the incident reinforces the challenge of protecting trade networks built to withstand sanctions and pressure on maritime access. It also shows that corridor politics, from the BRI to the INSTC, are increasingly shaped not only by commerce but by military risks.

Whether this leads to hardened infrastructure, shifts in regional trade planning or renewed pressure for de-escalation remains uncertain, but the bridge’s symbolic and practical importance now extends well beyond Golestan province.

US strikes, Hormuz clashes push Iran deal to brink

Jul 9, 2026, 21:43 GMT+1
•
Maryam Sinaiee
100%
A US fighter jet on board a US warship in this CENTCOM handout

The fragile memorandum between Tehran and Washington is facing its biggest test yet after two days of US strikes on targets along Iran’s southern coast and Iranian attacks on commercial shipping near the Strait of Hormuz raised fears of a return to full-scale war.

Iranian officials have threatened severe retaliation, while analysts warn that disputes over sanctions, maritime routes and the future of the agreement could push both sides into another major confrontation.

Mohsen Jalilvand, a professor of international relations, said the continued US military presence in the region and Tehran's insistence on controlling shipping through the Strait of Hormuz have significantly increased the risk of war.

"When both sides continue to stand by their positions, and there are no signs of retreat, it is only natural that the likelihood of a broader confrontation increases," he told the news website Fararu.

"Overall, I see the outlook moving less toward an agreement and more toward escalating tensions and a greater possibility of a major conflict."

‘Abandon MoU’

Senior officials and hardline media reacted angrily after the latest US attacks, which the Iranian Health Ministry said killed 14 people and injured 78 others. Several senior figures demanded tougher retaliation or called for formally abandoning the memorandum with Washington.

Parliament Speaker and Iran's chief negotiator Mohammad-Bagher Ghalibaf wrote on X that "America still has not learned that bullying and breaking its commitments no longer come without a cost."

"Let me be clear: if you strike, you will be struck. Stop struggling in vain—you will only sink deeper. The Strait of Hormuz will be reopened only under Iranian arrangements, not American threats."

Alaeddin Boroujerdi, a member of parliament's National Security and Foreign Policy Committee, told state broadcaster IRIB that Iran's response would be "more severe" and warned that continued confrontation would ultimately harm the United States.

The hardline Kayhan newspaper argued that repeated US attacks, the revocation of Iran's oil export waiver and what it described as violations of the agreed shipping arrangements in Hormuz had rendered the agreement meaningless.

"When Iran's armed forces tighten their grip on the world's energy artery in the Strait of Hormuz and play the Bab al-Mandab card, the West's economic lifeline will be cut, and Trump will beg for a ceasefire more desperately than ever," the newspaper wrote.

Kayhan urged the Foreign Ministry to formally declare the memorandum void so the armed forces could "settle Trump's account once and for all."

Tensions with Oman

The latest escalation followed Iranian attacks on vessels using a route south of the Strait of Hormuz, on the Omani side, while under US naval escort rather than the shipping corridor designated by Tehran.

Deputy Foreign Minister Kazem Gharibabadi accused Washington of pressuring Oman to open an alternative southern shipping lane despite what he said was an agreement that Iran would regulate maritime traffic during the memorandum's 60-day implementation period.

"From our perspective, America's insistence on creating a parallel route disrupted implementation of the memorandum," Gharibabadi said. “The Revolutionary Guards' response was entirely lawful and legitimate."

Iran's Khatam al-Anbiya Central Headquarters warned that any party providing military support for US attacks on Iran would constitute a legitimate target.

“The only safe shipping route through the Strait of Hormuz is the one designated by the Islamic Republic," the statement said.

Oman, however, told the International Maritime Organization on Thursday that it opposed the imposition of transit charges on ships using the strait and reiterated that "the right of transit passage through straits used for international navigation is guaranteed under international law."

Gharibabadi said Iranian officials had informed Omani and Qatari authorities—and indirectly Washington—that the southern route was "completely illegal," violated Clause 5 of the memorandum and "must be closed."

Public exhaustion

Although Tehran and most major Iranian cities have not been targeted since the ceasefire, apart from areas along the southern coastline, the renewed fighting has had an immediate economic impact.

The Iranian rial weakened sharply on Thursday, with the US dollar rising from about 1.6 million rials to more than 1.8 million rials. According to the Central Bank of Iran's latest figures, point-to-point inflation has reached nearly 83 percent.

Despite growing fears of renewed conflict, many Iranians appear more subdued than during previous crises after experiencing two wars within a year. Online discussions suggest widespread exhaustion and emotional numbness rather than panic.

"Is it just my algorithm, or does nobody actually care that the war has started again?" one X user wrote.

Another user, Sina, wrote: "Do we really have to hear fighter jets and explosions over Tehran before we believe the war has resumed?"

A third user commented: "Iranian cities were bombed last night. That means we're officially at war. But our minds are so exhausted, and we've suffered so much, that we're collectively choosing denial."

A reader commenting on Khabar Online wrote: "I just came to say we're exhausted. By God, we're exhausted. How much more tension and pressure can we take? Are you really going to bring another war down on our heads?”

US-Iran conflict widens with fresh strikes and Persian Gulf attacks

Jul 9, 2026, 14:09 GMT+1
100%
Photo published on social media shows smoke and flames rising after explosions during overnight strikes on Iranshahr in Iran's southeastern Sistan and Baluchestan Province, Wednesday night. Iranian authorities said the attack targeted facilities at Iranshahr Airport.

The United States and Iran expanded their military confrontation over the past 24 hours with fresh strikes, missile and drone attacks across the Persian Gulf and growing disruption to shipping through the Strait of Hormuz despite diplomatic efforts to preserve a ceasefire.

The latest US strikes hit southern Iran on Thursday, with a provincial official saying an attack on a pier in Sirik killed three people and wounded 15 others. Iranian media also reported explosions near Bandar Abbas, while a Bushehr official said projectiles struck areas around the province's nuclear power plant.

The attacks followed a broader US campaign against Iranian military infrastructure along the country's southern coast.

US Central Command said it struck around 90 military targets, including coastal surveillance systems, air defenses, anti-ship missile positions, drone and missile storage sites, logistics infrastructure and dozens of Islamic Revolutionary Guards Corps naval vessels, saying the operation was intended to reduce Iran's ability to threaten shipping in the Strait of Hormuz.

Iran responded by announcing missile and drone attacks on what it called US military facilities in Bahrain, Kuwait and Qatar, saying it targeted air defense systems, fuel storage sites and other military infrastructure in retaliation for the US strikes.

Bahrain and Kuwait said their air defenses intercepted incoming missiles and drones, while Jordan activated nationwide air raid sirens after missiles and drones entered its airspace.

The US Embassy in Amman urged Americans to seek shelter indoors, and Qatar condemned Iranian attacks on Bahrain, Jordan and Kuwait while urging all sides to return to diplomacy.

Strait of Hormuz

The confrontation increasingly centered on the Strait of Hormuz, one of the world's most important energy corridors.

Bloomberg reported commercial traffic through the waterway had slowed to a near standstill, while CBS News, citing vessel-tracking data, said only three fuel tankers were observed transiting the strait on Thursday.

The IRGC Navy said shipping had recovered to about half of pre-war levels under routes designated by Iran but warned any US attempt to control maritime traffic would receive a "crushing response."

Oil prices climbed to their highest levels in about three weeks as traders weighed the risks to global energy supplies.

Diplomacy falters

President Donald Trump said the United States had struck Iran "much harder" after attacks on commercial ships and warned further Iranian action would trigger an even stronger response.

He also questioned whether Tehran could be trusted to uphold any future agreement despite saying Iran had again sought negotiations.

Axios reported the White House was preparing for the possibility of a military exchange lasting days or even weeks depending on Iran's next moves in the Strait of Hormuz.

Iran accused Washington of violating the memorandum of understanding reached after April's ceasefire and appealed to the UN Security Council, arguing the latest strikes breached both the agreement and the UN Charter.

Qatar urged both Washington and Tehran to honor the memorandum and return to dialogue, while Iraq said it was seeking to promote rapprochement between the two countries.

Funeral ceremonies continue

Military operations unfolded alongside the final stage of funeral ceremonies for former Supreme Leader Ali Khamenei.

After processions in Tehran, Qom, Najaf and Karbala, Khamenei's coffin was flown from Iraq to Mashhad for burial. Iranian authorities presented the ceremonies as a demonstration of regional solidarity, while IRGC-affiliated media published photographs it said showed Quds Force commander Esmail Qaani attending the funeral.

The past day's events showed how the confrontation has shifted beyond Iran's nuclear program, with the Strait of Hormuz emerging as the military and economic center of the conflict.

Trump's rhetoric U-turn leaves Iranians between dread, hope and memes

Jul 9, 2026, 12:23 GMT+1
•
Hooman Abedi
100%
US President Donald Trump leaves following a press conference at the end of his participation in the NATO leaders summit in Ankara, Turkey, July 8, 2026.

President Donald Trump’s tougher rhetoric toward Iran and renewed US strikes have stirred mixed reactions among Iranians, from hopes for political change to fears of another long and unresolved conflict after months of living between war and peace.

The responses shared with Iran International and posted on X and Instagram pointed less to enthusiasm for military escalation than to exhaustion after nearly four months of conflict. Many described life in a state of “neither war nor peace,” where even short-term decisions have been put on hold.

  • We live through decisions we don't make

    We live through decisions we don't make

They spoke of worsening economic pressure, constant anxiety and tighter security conditions, as the United States and Iran traded a fresh round of attacks on Wednesday and Thursday, throwing their fragile agreement to end the war into deeper doubt.

The US military said it struck about 90 targets across Iran after Trump said the interim deal with Tehran is over for him, citing Iranian attacks on shipping in the Strait of Hormuz.

  • Trump says Iran memorandum is over, calls Tehran leaders 'scums'

    Trump says Iran memorandum is over, calls Tehran leaders 'scums'

Iran responded with strikes on US-linked targets in Qatar, Bahrain and Kuwait, as both sides accused each other of violating the interim agreement.

The Pentagon said it targeted Iranian military sites involved in attacks on commercial shipping.

Iran’s foreign ministry said the US strikes hit civilian infrastructure, including two railway bridges on the route to Mashhad, where authorities planned to bury former Supreme Leader Ali Khamenei on Thursday. Fars said one was the Aq Taqeh Khan railway bridge in Golestan province, part of a northern route to China and Russia that became more important after the US blockade of Iran’s Persian Gulf ports.

Many messages sent to Iran International linked the timing of the strikes to Khamenei’s funeral, saying they disrupted what the Islamic Republic had tried to stage as a show of unity and political continuity.

“I hope this time the war makes a difference and this cancer is removed from the root. We’re all suffering,” one citizen wrote.

Others saw Trump’s tougher language as a sign that diplomacy with Tehran had reached a dead end.

“Should we tell Trump, ‘We told you so,’ or is it still too early?” one message read.

Another wrote: “Mr. Trump seems to have only just realized what kind of creature he is dealing with.”

Several urged Trump not to return to negotiations.

“Mr. Trump, Mr. Netanyahu and NATO leaders, have you realized yet that negotiating with the Islamic Republic is a waste of time?” one message said.

Another person in Tehran wrote: “Mr. Trump, you say bad days are coming for Iran. Come here for one day. If you find even one good day under the Islamic Republic, you’ll see the hell they have created for the people.”

Hope tempered by fear

Despite welcoming Trump's apparent shift away from diplomacy, several said they feared another drawn-out conflict that would deepen economic hardship without bringing meaningful political change.

"Mr. Trump, please stop. We don't know whether to worry about war, inflation, the dollar or our future," one citizen wrote.

Another said: "I'm only worried that war starts again but nothing changes. If war is inevitable, I hope it benefits the people of Iran."

Some openly encouraged stronger military action.

"President Trump, please finish the job quickly. People, don't lose hope. Our day of freedom is near," one message read.

Another added: "I'm a Trump supporter. I like him. He's a superpower that nobody can challenge. But sometimes he goes off script. Please, President Trump, finish the job this time. It's hard living in your own country with a group of criminals."

Others remained skeptical, saying Trump's previous preference for negotiations made them doubt whether the latest strikes would ultimately produce lasting change.

'Mohammad Something' becomes an instant meme

Trump's remarks on Wednesday also generated a wave of satire after he seemingly referred to chief negotiator Mohammad-Bagher Ghalibaf as "Mohammad something" while describing US surveillance of Iran's nuclear facilities.

The phrase quickly became one of the most widely shared jokes among Persian-language users on X, spawning countless memes aimed at senior Iranian officials.

X user Amin Parvin wrote: "We are living in a state of no war, no peace, no ceasefire and Mohammad Something."

Another user wrote: "Mohammad Something, Mojtaba (Khamenei) Nothing. You've become the laughing stock of the world."

  • Trump says Iran is 'finished', experts say Tehran won big

    Trump says Iran is 'finished', experts say Tehran won big

Many directed the joke at Ghalibaf’s page after Trump appeared unable to recall his name.

"Mohammad Something, write your will. Trump didn't even bother learning your surname," one post said.

Another wrote: "Mohammad Something, it looks like this time it's your turn."

Reading Trump's strategy

Beyond the humor, users also debated whether Trump's harsher rhetoric signaled the abandonment of diplomacy or a negotiating tactic designed to force Iranian concessions.

"Trump is playing cat and mouse with them. He doesn't want a full-scale war yet. He's waiting for their response before deciding what to do next," one X user wrote.

Another posted: "I'm genuinely happy Trump is finally seeing their true nature."

Others argued Trump still preferred a negotiated settlement but believed military pressure had become his principal leverage.

"Trump loves being able to say he defeated them without war, so he's trying to disarm them through negotiations," one user wrote. "But their file is closed. Trump himself has said they'll lose their uranium either through negotiations or through war."