The global energy market is closely watching the Strait of Hormuz after Iran's Islamic Revolutionary Guard Corps (IRGC) announced that 24 vessels transited the strategic waterway during the last 24 hours under its supervision and authorization.
The Strait of Hormuz is one of the world's most important maritime chokepoints, historically carrying a significant share of global oil and natural gas shipments. Since the conflict erupted earlier this year, shipping traffic has been heavily disrupted, forcing vessel operators to seek special coordination before entering the route.
Tensions rose further after Iran confirmed it targeted the MSC Sariska V container ship following a U.S. strike on an Iranian vessel in the Sea of Oman. The ship's operator acknowledged that the vessel was struck by projectiles while operating near Iraq's coast, highlighting the growing risks facing commercial shipping in the region.
Meanwhile, Iran's newly established Persian Gulf Strait Authority said more than 300 non-Iranian vessels have applied for safe-passage permits since early May. The authority says it prioritizes ships linked to governments viewed as friendly or aligned with Tehran, a move that could reshape regional shipping patterns if tensions continue.
The development comes as Iran studies a potential U.S.-backed agreement aimed at reducing regional hostilities. However, negotiations remain fragile, and any escalation around Hormuz could quickly impact global oil prices, fuel costs, and international trade.