Tehran, Iran – Web Desk: Iran has announced that it will allow “non-hostile” vessels to pass through the strategically vital Strait of Hormuz under specific security conditions, signaling a partial easing of tensions in one of the world’s most critical energy corridors.
In a statement issued by Iran’s mission to the United Nations, authorities said ships would be permitted safe passage provided they are not involved in any hostile actions against Iran and comply with designated security protocols. However, Tehran did not disclose full details of these conditions.
The Strait of Hormuz is a key global trade route, handling nearly 20% of the world’s oil and liquefied natural gas (LNG) shipments. Shipping traffic through the passage had dropped sharply following the outbreak of conflict involving the United States, Israel, and Iran.
Before the escalation, an average of around 120 vessels passed daily through the strait. That number has now fallen dramatically, with reports indicating only a handful of ships—just five on Monday—navigating the route, raising concerns over global energy supply chains.
Analysts warn that prolonged disruption could push global oil prices to between $150 and $200 per barrel, intensifying inflationary pressures worldwide.
The development comes amid renewed claims by Donald Trump that negotiations are underway to end the conflict, although Iran has previously rejected such assertions.
Meanwhile, reports of a potential diplomatic breakthrough have provided temporary relief to global markets, with gains in Asian stocks and a slight dip in Brent crude prices.
