Iran has stated that it will only allow "non-hostile" vessels to pass through the Strait of Hormuz if they coordinate with its authorities. This position was outlined in a letter to the International Maritime Organization. Bloomberg reports this, writes UNN.
Details
The document states that vessels can use the safe route only if they comply with Iranian rules and do not participate in actions against the country: "Non-hostile vessels... can use safe passage through the Strait of Hormuz in coordination with competent Iranian authorities."
At the same time, Iran has restricted the movement of vessels associated with "aggressors" or their support. Also, according to sources, Iran has started charging transit fees from certain commercial vessels.
Impact on the market and shipping
Due to the escalation of the conflict, traffic through the strait has almost stopped – only a small number of vessels pass through alternative routes near the Iranian coast.
The Strait of Hormuz is a key route through which about 20% of the world's oil and gas supplies are transported. Restrictions on movement have already led to a sharp increase in energy prices and supply disruptions in Asian countries.
The letter emphasizes that full restoration of shipping is possible only after a reduction in military tension in the region.