Iran Allows Friendly Nations’ Ships, Including India, to Transit Strait of Hormuz, Easing Energy Transport Concerns

[Financial News]
NEW DELHI (India) — Abbas Araghchi, foreign minister of the Islamic Republic of Iran, announced on the 26th (local time) that ships from friendly nations, including India, are now allowed to pass through the Strait of Hormuz. The Consulate General of Iran in Mumbai also stated in a press release that vessels from friendly countries such as China, Russia, India, the Republic of Iraq, and the Islamic Republic of Pakistan have been authorized to use the route. The move comes amid growing concern over disruptions to global energy shipments following the recent closure of the Strait of Hormuz.
Earlier, United Nations Secretary-General António Guterres warned that a prolonged closure of the Strait of Hormuz is severely restricting the transport of crude oil, gas, and fertilizers, and he urged its immediate reopening along with a swift end to conflicts in the Middle East. Guterres particularly cautioned that the current hostilities are worsening civilian casualties and fueling economic instability.
The Islamic Republic of Iran had previously indicated that only "non-hostile vessels" would be permitted to transit the strait. It stressed that such ships must not be involved in any attacks against the Islamic Republic of Iran and must comply with relevant safety regulations. In addition, the National Security and Foreign Policy Commission of Iran stated that all vessel transits must be coordinated in advance with Iranian authorities. Shipping through the area is therefore expected to take place under a certain level of control.
praghya@fnnews.com Correspondent Pragya Awasthi Reporter