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    1. Home
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    3. >Iran says it is receptive to any request from Spain, alluding to Hormuz transit
    Finance

    Iran Says It Is Receptive to Any Request From Spain, Alluding to Hormuz Transit

    Published by Global Banking & Finance Review®

    Posted on March 26, 2026

    3 min read

    Last updated: March 26, 2026

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    Iran says it is receptive to any request from Spain, alluding to Hormuz transit - Finance news and analysis from Global Banking & Finance Review
    Tags:FinanceMarketsGeopoliticsEnergyShipping

    Quick Summary

    Iran signals willingness to assist Spain on Strait of Hormuz transit—an unprecedented overture to an EU state—amid a regional oil chokepoint crisis exacerbating disruptions to ~20% of global oil and LNG flows.

    Table of Contents

    • Iran’s Position and International Reactions
    • Diplomatic Statements and Social Media
    • Impact on Oil Transit and Global Supply
    • Oil Supply Disruption
    • Recent Diplomatic Developments
    • Spanish Government Response
    • Official Statements
    • Spanish Merchant Fleet Overview
    • Size and Composition of the Fleet
    • Fleet Operations and Standards

    Iran Signals Willingness to Allow Spanish Ships Oil Transit via Strait of Hormuz

    Iran’s Position and International Reactions

    By Victoria Waldersee and Jonathan Saul

    MADRID, March 26 (Reuters) - The Iranian embassy in Spain said on Thursday that Iran would be receptive to any request from Madrid related to the Strait of Hormuz because Spain respects international law, in what is the first such concession offered to an EU state.

    Spain has a relatively small merchant fleet but was among the first countries to condemn the U.S.-Israeli attacks on Iran, denouncing the war as reckless and illegal.

    Diplomatic Statements and Social Media

    "BREAKING NEWS: Iran considers Spain a country committed to international law, so it shows receptiveness to any request coming from Madrid.#StraitofHormuz," the Iranian embassy said in a post on X.

    The post follows a note seen by Reuters on Tuesday to the United Nations from Iran's Ministry of Foreign Affairs stating that "non-hostile vessels" could transit the strait if they coordinated with Iranian authorities.

    Impact on Oil Transit and Global Supply

    Oil Supply Disruption

    OIL SUPPLY DISRUPTION

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

    Recent Diplomatic Developments

    A Thai oil tanker has safely sailed through the strait following diplomatic coordination between Thailand and Iran, and Malaysia's prime minister said on Thursday Malaysian vessels were also being allowed to pass through, in a sign that restrictions were loosening for some countries following diplomatic negotiations.

    U.S. President Donald Trump suggested on Thursday that Iran let 10 oil tankers transit the strait as a goodwill gesture in negotiations, including some Pakistan-flagged vessels.

    Spanish Government Response

    Official Statements

    Spanish Foreign Minister Jose Manuel Albares said on Thursday he did not understand what Iran was referring to in its post on X. He said Spain had consistently voted in favour of sanctions against Iran, including naming the Revolutionary Guards as a terrorist organisation.

    "What we ask of Iran and all of those participating and promoting the war is de-escalation, diplomacy and negotiation, and that Iran ceases its unjustified attacks against all the countries in the Middle East," Albares said during a visit to Algeria.

    Spanish Merchant Fleet Overview

    Size and Composition of the Fleet

    SIZE OF SPANISH FLEET

    Last year, the Spanish-flagged merchant shipping fleet reached its lowest level in two decades.

    Spain had 91 vessels, of which six were oil tankers and 13 were gas carriers, as of June 2025, according to the latest report published by the Spanish Shipowners’ Association. The majority of the 205 merchant vessels controlled by Spanish shipowners fly foreign flags.

    Fleet Operations and Standards

    Ten of the Spanish-flagged tankers were on voyages, mainly around the Mediterranean and Europe with none inside the Gulf, ship tracking data on the MarineTraffic platform showed on Thursday.

    Only three of them would meet the vetting standards of oil majors, which usually stipulate they must be less than 15 years old, according to Reuters analysis of shipping data.

    The Iranian embassy was not immediately available to provide further details.

    (Reporting by Victoria Waldersee; Additional reporting by Corina Rodriguez and Jonathan Saul in London, Writing by Emma Pinedo and Charlie Devereux; Editing by Aislinn Laing and Alison Williams)

    Key Takeaways

    • •Iran’s embassy in Madrid offered cooperation to Spain on Hormuz transit, signaling diplomatic flexibility toward an EU state
    • •The Strait of Hormuz, responsible for about a fifth of global oil and LNG supply, has seen near-total halts, triggering sharp energy market volatility
    • •Spain’s merchant fleet under own flag has dwindled to historic lows—91 vessels as of early 2025—further limiting its direct influence in the region

    Frequently Asked Questions about Iran says it is receptive to any request from Spain, alluding to Hormuz transit

    1Why is the Strait of Hormuz important for oil supply?

    The Strait of Hormuz is a critical passage for about one-fifth of the world's oil and liquefied natural gas shipments, making its openness vital for global energy supply.

    2What is Iran's position regarding Spain's vessels in the Strait of Hormuz?

    Iran's embassy in Spain stated that Iran is receptive to requests from Spain regarding transiting the Strait of Hormuz, due to Spain’s respect for international law.

    3How has the war against Iran impacted oil shipments?

    The conflict has nearly halted shipments through the Strait of Hormuz, causing significant oil supply disruptions worldwide.

    4What is the status of the Spanish-flagged merchant fleet?

    As of June 2025, Spain has 91 merchant vessels, including 6 oil tankers and 13 gas carriers, with most Spanish-controlled vessels flying foreign flags.

    5Has Spain taken an official stance regarding the conflict involving Iran?

    Spain condemned the U.S.-Israeli attacks on Iran and consistently voted for sanctions against Iran, calling for de-escalation and diplomacy.

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