Analysis: Iran Announces "Full Opening" of Hormuz Strait, Industry Stakeholders Remain Cautious

Odaily News Iran has announced the opening of the Strait of Hormuz for the remainder of the ceasefire period, yet industry stakeholders remain cautious. A senior Iranian military official stated that merchant ships can pass through the Strait of Hormuz along designated routes with permission from the Revolutionary Guard Navy.

German shipping company Hapag-Lloyd stated that it will continue to avoid transiting the strait while assessing the announcement. A company spokesperson said in an emailed statement: "We are now beginning to assess the new situation and the risks involved. Therefore, we will continue to refrain from transiting the strait for the time being."

The CEO of the Norwegian Shipowners' Association stated, "The situation in the Strait of Hormuz remains unresolved, with several unresolved uncertainties, including issues related to the presence of mines, the conditions imposed by Iran, and their practical implementation. These aspects need to be clarified before assessing any transit."

The President of Finland welcomed Iran's statement regarding the opening of the Strait of Hormuz. However, a lasting solution requires diplomatic means.

The Prime Minister of Sweden stated that Sweden is prepared to ensure safe passage through the Strait of Hormuz once a permanent ceasefire is achieved.

EU High Representative for Foreign Affairs and Security Policy, Josep Borrell, stated that the Strait of Hormuz must remain open and free for navigation. Iran must abandon any plans to impose transit fees. (Jin10)