Maritime companies worldwide are expressing cautious optimism about Iran’s declaration that the Strait of Hormuz has reopened, but industry leaders say they need additional details before resuming vessel traffic through the vital Gulf entrance.
Iran’s Foreign Minister Abbas Araqchi announced Friday that commercial ships can navigate the strait during a 10-day ceasefire agreement with Lebanon. The announcement triggered declining oil and commodity prices while boosting stock market performance.
Arsenio Dominguez, who leads the International Maritime Organization under the United Nations, addressed the development with measured words. “We are currently verifying the recent announcement related to the reopening of the Strait of Hormuz, in terms of its compliance with freedom of navigation for all merchant vessels and secure passage,” Dominguez stated.
Norway’s shipowner trade group outlined multiple concerns requiring resolution before vessels can safely transit the waterway. The organization cited questions about explosive mines, Iranian requirements, and operational procedures that need clarification.
“If this represents a step towards an opening, it is a welcome development,” commented Knut Arild Hareide, who heads the Norwegian Shipowners’ Association representing 130 firms operating approximately 1,500 ships.
German maritime corporation Hapag-Lloyd indicated they are assessing conditions and “probably we will pass soon,” according to a company representative.
Major shipping companies Maersk from Denmark and France’s CMA CGM could not be reached for immediate response. Norwegian petroleum tanker operator Frontline chose not to provide commentary.
According to a high-ranking Iranian source speaking with Reuters, all merchant vessels including American ships may traverse the strait, though coordination with Iran’s Islamic Revolutionary Guard Corps remains mandatory.
The Iranian official explained that passage would be limited to routes Iran considers secure, while military ships remain banned from the area.
President Donald Trump stated Friday that Iran committed to keeping the strait permanently open and is removing underwater explosives from the waterway.
However, a U.S. Navy bulletin obtained by Reuters warned Friday that mine dangers in certain strait areas remain unclear, suggesting ships should consider avoiding those zones.
The strait represents one of the planet’s most crucial maritime passages, and its disruption has forced shipping corporations to halt voyages, redirect cargo routes, and implement expensive alternative methods to maintain Gulf trade flows.
