Hormuz Strait opened, why are shipping giants still afraid? These 4 new conditions of Iran increased tension. Iran Hormuz Strait Reopens Shipping Rules Irgc Us Blockade Global Oil Trade Risk

Difficult to cross Hormuz without IRGC support?

A senior Iranian official also said that “all ships can pass through Hormuz, but this requires coordination with Iran’s Islamic Revolutionary Guard Corps (IRGC).” The official further explained that the release of Iran’s seized funds (estimated at $30 billion) was a part of the agreement regarding the reopening of Hormuz.

Although US President Donald Trump also supported the announcement, saying that the Strait of Hormuz is “fully open and ready for movement,” he also made it clear that the US naval blockade targeting ships linked to Iran is still in place.

Leave a Comment