Iran has reopened the Strait of Hormuz, but not to everyone: which ships will be allowed to pass
25 March 05:41
Iran has stated at the United Nations that it will allow passage through the Strait of Hormuz only to vessels that are not “hostile” and are not involved in military actions against the country. Such vessels must also coordinate their actions with the Iranian authorities.
Reuters reported this, citing an official document sent to the UN Security Council, according to "Komersant Ukrainian"
Iran’s Statement
According to a document from the Iranian Ministry of Foreign Affairs, safe passage through one of the world’s most important maritime arteries is possible only under certain conditions.
The statement notes:
“Non-hostile vessels, including those belonging to other states, may enjoy safe passage through the Strait of Hormuz provided they do not participate in aggression against Iran and comply with safety regulations.”
The document was also sent to UN Secretary-General António Guterres.
Why this matters to the world
The Strait of Hormuz is one of the key routes for the transportation of energy resources. About 20% of global oil and liquefied natural gas supplies pass through it.
Due to the escalation of the conflict between Iran, the U.S., and Israel, supplies via this route have significantly decreased, which could affect global energy prices.
Which ships might Iran ban from passing through
Iran’s statement also notes that vessels associated with the US and Israel or other countries supporting military actions against Iran will not be granted safe passage.
The document emphasizes that such vessels cannot be considered neutral.
What this means for the global oil market
Experts note that any restrictions in the Strait of Hormuz could have serious consequences for the global economy, since:
- it is one of the most important energy routes
- a significant portion of oil from the Persian Gulf countries is transported through it
- any restrictions could lead to rising oil prices
What is known about the situation now
It is reported that Iran’s letter was sent to members of the International Maritime Organization, which is responsible for the safety of international shipping.
Earlier, the Financial Times also reported that this document had been circulated among the organization’s members.
