Iran has insisted that the strategic Strait of Hormuz remains open, pushing back against growing concerns over a potential maritime blockade. Foreign Minister Abbas Araghchi stated that hesitation among commercial vessels is driven not by Iranian restrictions, but by insurers’ fears amid escalating tensions with the United States and Israel.
Tehran reaffirmed that while passage is technically open, ships linked to what it calls “aggressor parties” may face scrutiny under wartime legal measures. This ambiguity has effectively disrupted traffic through one of the world’s most critical energy corridors.
Since early March, the situation has already had tangible global repercussions. The Strait of Hormuz, responsible for transporting nearly 20 million barrels of oil per day and a significant share of global LNG, has seen reduced activity, driving up shipping costs, insurance premiums, and oil prices.
Tensions intensified further after US President Donald Trump issued a stark ultimatum, threatening to target Iran’s energy infrastructure if the route is not fully reopened. The warning comes amid ongoing military escalation, with US and Israeli strikes on Iran triggering retaliatory drone and missile attacks by Tehran across the region.
The evolving crisis raises serious concerns over global energy security and the stability of international trade routes.
Source: TRT Africa
