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    1. Home
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    3. >Reactions of industry and leaders to Iran saying Hormuz is open
    Finance

    Reactions of Industry and Leaders to Iran Saying Hormuz Is Open

    Published by Global Banking & Finance Review®

    Posted on April 17, 2026

    3 min read

    Last updated: April 17, 2026

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    Reactions of industry and leaders to Iran saying Hormuz is open - Finance news and analysis from Global Banking & Finance Review
    Tags:FinanceMarketsShippingGeopolitics

    Quick Summary

    Shipping and global leaders cautiously welcomed Iran’s announcement opening the Strait of Hormuz, though concerns over remaining risks and ongoing US blockade continue to temper optimism.

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    Table of Contents

    • Industry and World Leaders Respond to Iran's Strait of Hormuz Announcement
    • Shipping Industry Reactions
    • Maersk's Position
    • Norwegian Shipowners' Association
    • Comments from Knut Arild Hareide, CEO
    • Hapag-Lloyd's Response
    • International Maritime Organization
    • Statement from Secretary-General Arsenio Dominguez
    • World Leaders' Statements
    • U.S. President Donald Trump
    • French President Emmanuel Macron
    • Finnish President Alexander Stubb

    Reactions of industry and leaders to Iran saying Hormuz is open

    Industry and World Leaders Respond to Iran's Strait of Hormuz Announcement

    LONDON, April 17 (Reuters) - Iran's foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire accord agreed in Lebanon.

    Here are some quotes from the shipping industry and world leaders on the Iranian declaration.

    Shipping Industry Reactions

    SHIPPING INDUSTRY:

    Maersk's Position

    MAERSK

    "We have noted the announcement. The safety of our crew, vessels and customers’ cargo remains our priority. Since the outbreak of the conflict, we have followed the guidance of our security partners in the region, and the recommendation so far has been to avoid transiting the Strait of Hormuz.

    "Any decision to transit the strait will be based on risk assessments and close monitoring of the security situation, with the latest developments also included in the ongoing assessments."

    Norwegian Shipowners' Association

    Comments from Knut Arild Hareide, CEO

    KNUT ARILD HAREIDE, CEO OF THE NORWEGIAN SHIPOWNERS' ASSOCIATION

    "If this represents a step towards an opening, it is a welcome development. However, the situation remains unresolved, with a number of outstanding uncertainties, including questions related to the presence of sea mines, applicable Iranian conditions, and practical implementation. These aspects will need to be clarified before any transit can be assessed."

    Hapag-Lloyd's Response

    HAPAG-LLOYD

    "We are now beginning to assess the new situation and the risks involved. For the time being, therefore, we are still refraining from passing through the strait," a spokesperson said.

    A spokesperson later said: "We are looking into this, (Hapag-Lloyd's) crisis committee is in session. Probably we will pass soon - but too early to confirm."

    International Maritime Organization

    Statement from Secretary-General Arsenio Dominguez

    ARSENIO DOMINGUEZ, SECRETARY-GENERAL OF INTERNATIONAL MARITIME ORGANIZATION

    "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."

    World Leaders' Statements

    WORLD LEADERS:

    U.S. President Donald Trump

    U.S. PRESIDENT DONALD TRUMP

    "The Strait of Hormuz is completely open and ready for business and full passage, but the naval blockade will remain in full force and effect as it pertains to Iran, only, until such time as our transaction with Iran is 100% complete," Trump wrote on Truth Social.

    French President Emmanuel Macron

    FRENCH PRESIDENT EMMANUEL MACRON

    Macron said the move "goes in the right direction."

    "We all oppose any restrictions or system of agreements that would, in effect, amount to an attempt to privatize the strait—and, of course, any toll system."

    Finnish President Alexander Stubb

    FINNISH PRESIDENT ALEXANDER STUBB

    "Finland stands ready to work on a solution that brings stability to the region and respects international law," Stubb said on X.

    (Reporting by Reuters bureaus; Compiled by Toby Chopra)

    Key Takeaways

    • •Shipping firms remain wary due to unclear conditions, mine threats, and insurance gaps.
    • •Oil prices fell sharply and markets rallied amid renewed hopes for smoother energy flows.
    • •World leaders—including France, UK, China—endorse restoration of navigation, while U.S. maintains pressure on Iran through blockade.

    Frequently Asked Questions about Reactions of industry and leaders to Iran saying Hormuz is open

    1What did Iran announce about the Strait of Hormuz?

    Iran's foreign minister stated that the Strait of Hormuz is open for all commercial vessels following a ceasefire accord in Lebanon.

    2How did the shipping industry respond to Iran's declaration?

    Shipping industry leaders welcomed the statement but noted unresolved issues, including sea mine risks and unclear Iranian conditions.

    3What was the U.S. reaction to the Strait of Hormuz news?

    President Donald Trump confirmed the strait is open for business, but the naval blockade on Iran remains until a transaction is complete.

    4What concerns remain for shipping companies about using the Strait of Hormuz?

    Companies are cautious about potential risks, such as sea mines and implementation details, before resuming regular transit.

    5How did European leaders respond to Iran's announcement?

    European leaders like Macron and Stubb supported open access to the strait and opposed any privatization or tolls on the route.

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