In a development with major implications for global oil markets, LNG shipping, and maritime security, Iran has informed the United Nations Security Council and the International Maritime Organization that “non-hostile vessels” may continue to transit the strategically vital Strait of Hormuz, provided they coordinate with Iranian authorities.
According to a diplomatic note sent by Iran’s Ministry of Foreign Affairs and circulated among IMO member states, vessels that do not participate in or support actions against Iran, and that comply with declared maritime safety and security protocols, will be allowed safe passage through one of the world’s most critical oil shipping lanes.