Iran’s Persian Gulf Strait Authority warned ships using routes it calls “illegal” of possible financial losses, loss of life and limits on future passage through Hormuz. It said charterer violations could bring restrictions on all vessels owned by the companies involved.
The warning comes as the strait remains effectively blocked and efforts to reopen it continue. Iran’s foreign minister said Tehran submitted a seven-day plan to the United States via Qatar; President Donald Trump rejected it. The Wall Street Journal reported that the proposal’s conditions included lifting the US naval blockade.
Before the war launched by the United States and Israel in late February, shipping through the strait was largely uninterrupted. Around one-fifth of global oil demand passed through it, and it is also a crucial route for liquefied natural gas and fertilizer. Iranian threats and attacks have since brought shipping close to a standstill and sent global oil and gas prices sharply higher.
