Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Iran says 'non-hostile' ships can transit Strait of Hormuz, FT reports
    Finance

    Iran Says 'non-Hostile' Ships Can Transit Strait of Hormuz, Ft Reports

    Published by Global Banking & Finance Review®

    Posted on March 24, 2026

    2 min read

    Last updated: March 24, 2026

    Add as preferred source on Google
    Iran says 'non-hostile' ships can transit Strait of Hormuz, FT reports - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:FinanceBankingMarketsOilGlobal trade

    Quick Summary

    Iran has informed IMO members that “non‑hostile” ships may transit the Strait of Hormuz if coordinated with Tehran, but vessels linked to the U.S., Israel or their allies are not permitted, amid a near‑halt in oil and LNG flows due to the US–Israeli war.

    Iran Permits Non-Hostile Ships Safe Passage Through Strait of Hormuz: FT

    Iran’s Stance on Maritime Transit Amid Regional Tensions

    Official Communication to International Maritime Organization

    March 24 (Reuters) - Iran has told International Maritime Organization member states that "non-hostile vessels" may transit the Strait of Hormuz if they coordinate with Iranian authorities, the Financial Times reported on Tuesday, citing a letter.

    Impact of U.S.-Israeli Conflict on Global Oil Shipments

    Disruption of Oil and LNG Supply

    The U.S.-Israeli war against Iran has all but halted shipments of about one-fifth of the world's oil and liquefied natural gas through the Strait of Hormuz, causing oil supply disruption.

    Details from Iran’s Letter to IMO Members

    Measures to Prevent Hostile Operations

    In the letter circulated among IMO members on Tuesday, Iran’s foreign ministry said Tehran had “taken necessary and proportionate measures to prevent the aggressors and their supporters from exploiting the Strait of Hormuz to advance hostile operations against Iran,” the newspaper said.

    Restrictions on Certain Vessels

    Exclusion of U.S., Israeli, and Allied Ships

    Tehran said in the letter that vessels linked to the U.S. and Israel, as well as "other participants in the aggression, do not qualify for innocent or non-hostile passage," the FT said.

    Verification and Context

    Report Verification Status

    Reuters could not immediately verify the report.

    Role of the International Maritime Organization

    The London-based U.N. shipping agency is responsible for regulating the safety and security of international shipping and preventing pollution, and comprises 176 member states.

    Reporting Credits

    (Reporting by Rajveer Singh Pardesi in Bengaluru and Mrinmay Dey in Mexico City; Editing by Mark Porter and Daniel Wallis)

    Key Takeaways

    • •Iran’s letter to IMO allows coordinated passage for non‑hostile vessels, excluding U.S., Israeli or allied ships
    • •The Strait of Hormuz suspension affects about 20% of global seaborne oil and LNG trade, a critical chokepoint
    • •Any reopening, even partial, could significantly impact global energy markets, especially Asia

    Frequently Asked Questions about Iran says 'non-hostile' ships can transit Strait of Hormuz, FT reports

    1What has Iran stated about ship transit in the Strait of Hormuz?

    Iran says non-hostile vessels may transit the Strait of Hormuz if they coordinate with Iranian authorities.

    2Which ships are restricted from passing through the Strait of Hormuz?

    Vessels linked to the U.S., Israel, and other participants in aggression do not qualify for passage.

    Table of Contents

    • Iran’s Stance on Maritime Transit Amid Regional Tensions
    • Official Communication to International Maritime Organization
    • Impact of U.S.-Israeli Conflict on Global Oil Shipments
    • Disruption of Oil and LNG Supply
    • Details from Iran’s Letter to IMO Members
    • Measures to Prevent Hostile Operations
    • Restrictions on Certain Vessels
    • Exclusion of U.S., Israeli, and Allied Ships
    • Verification and Context
    • Report Verification Status
    • Role of the International Maritime Organization
    • Reporting Credits
    3How has the current conflict affected oil shipments?

    The U.S.-Israeli war against Iran has nearly halted shipments of about one-fifth of the world's oil and LNG.

    4Who regulates the safety of international shipping in the region?

    The International Maritime Organization (IMO), a U.N. agency with 176 member states, regulates safety and security.

    5What must ships do to transit the Strait of Hormuz safely?

    Ships must coordinate with Iranian authorities and be considered non-hostile to safely transit the Strait.

    More from Finance

    Explore more articles in the Finance category

    Image for Moldovan parliament backs energy state of emergency after power line knocked out of service
    Moldovan Parliament Backs Energy State of Emergency After Power Line Knocked Out of Service
    Image for French tycoon Bolloré denies political war against public broadcaster
    French Tycoon Bolloré Denies Political War Against Public Broadcaster
    Image for Arm unveils new AI chip, expects it to add billions in annual revenue
    Arm Unveils New AI Chip, Expects It to Add Billions in Annual Revenue
    Image for Italian lender MPS board identifies Palermo as sole CEO candidate
    Italian Lender Mps Board Identifies Palermo as Sole CEO Candidate
    Image for UK public inflation expectations surge in March, Citi/YouGov survey shows
    UK Public Inflation Expectations Surge in March, Citi/YouGov Survey Shows
    Image for Israel's military to occupy swathe of southern Lebanon, defence minister says
    Israel's Military to Occupy Swathe of Southern Lebanon, Defence Minister Says
    Image for Poland to focus on EU defence plan, joins working groups, finance minister says
    Poland to Focus on EU Defence Plan, Joins Working Groups, Finance Minister Says
    Image for SNB has increased readiness to intervene in forex markets, chairman says
    SNB Has Increased Readiness to Intervene in Forex Markets, Chairman Says
    Image for Volkswagen to shift production to missile defense at one factory in deal with Israeli company, FT reports
    Volkswagen to Shift Production to Missile Defense at One Factory in Deal With Israeli Company, Ft Reports
    Image for French finance minister says tax cuts would not ease Iran war energy shock
    French Finance Minister Says Tax Cuts Would Not Ease Iran War Energy Shock
    Image for Analysis-Estee Lauder's bet on Puig is bold fragrance play in a volatile world
    Analysis-Estee Lauder's Bet on Puig Is Bold Fragrance Play in a Volatile World
    Image for Exor to hold back on buybacks as 'cash is king' in uncertain times, CEO says
    Exor to Hold Back on Buybacks as 'cash Is King' in Uncertain Times, CEO Says
    View All Finance Posts
    Previous Finance PostMoldovan Parliament Backs Energy State of Emergency After Power Line Knocked Out of Service
    Next Finance PostFrench Tycoon Bolloré Denies Political War Against Public Broadcaster