Vessels Claim Chinese Ownership to Secure Strait of Hormuz Transit Amid Rising Tensions

Commercial vessels navigating the Strait of Hormuz have begun broadcasting 'CHINA OWNER' via AIS signals to mitigate the risk of Iranian drone attacks. Reports indicate that Iran may be granting safe passage specifically to Chinese-linked ships as a gesture of political gratitude toward Beijing. The maritime crisis has deepened as insurers cancel coverage in the Persian Gulf due to threats from the IRGC, causing significant disruptions to energy supplies. In response, the Trump administration is reportedly considering a $20 billion reinsurance program and potential military escorts to safeguard the critical waterway. This geopolitical friction is driving up shipping costs and creating a major supply-side risk for global oil markets. Market analysts expect these developments to impact energy prices and global trade stability in the near term.