Iranian Foreign Minister Abbas Araghchi has stated that the Strait of Hormuz remains open for countries respecting Iran’s navigational rights. However, he explained that insurers have hesitated due to regional tensions rather than an actual closure. Therefore, maintaining both security and trade in this strategic waterway is essential for global commerce.
Araghchi made his remarks through the social media platform X. He said, “The Strait of Hormuz is not closed. Ships hesitate because insurers fear the war of choice you initiated, not Iran.” Moreover, he added that threats and pressure will not influence Iran’s decisions, urging respect for Iranian trade and navigational rights.
During a phone conversation, Araghchi spoke with South Korean Foreign Minister Cho Hyun. He clarified that the Strait of Hormuz is closed only to vessels from countries he described as aggressors and their supporters. Meanwhile, ships from other nations can transit safely if they coordinate with Iranian authorities. He also stressed that recent attacks against Iran caused insecurity in the strait.
The Strait of Hormuz handles about 20 percent of global oil shipments. Consequently, any disruption could affect international energy markets and significantly increase maritime insurance costs. Furthermore, Araghchi warned that further attacks on Iranian infrastructure could lead to a full closure, which would impact trade and regional stability.
Experts note that the current situation may influence global oil prices and shipping insurance premiums. In addition, analysts emphasize that coordination with Iran and respect for maritime regulations are crucial for uninterrupted trade. Recent military operations by the US and Israel targeted Iranian military assets. As a result, Tehran responded with missile and drone strikes against regional US positions and Israeli locations. These actions have further heightened concerns about navigation and energy security in the Persian Gulf.
Araghchi reaffirmed that Iran will defend its sovereignty and territorial integrity. Therefore, shipping companies, insurers, and governments are closely monitoring developments. Analysts predict that trade coordination and regional security will remain key in the coming months. Overall, the Strait of Hormuz continues to be a focal point of global attention, as Araghchi emphasizes both safe navigation and protection of trade rights.