Iran says safe passage through Strait of Hormuz allowed for two weeks under armed forces coordination

Iran has indicated it will retain control over shipping through the Strait of Hormuz during a proposed ceasefire period, The Wall Street Journal reported, citing a statement from Iran’s foreign minister and security authorities.

Foreign Minister Abbas Araghchi said safe passage through the strait would be permitted for two weeks, subject to coordination with Iran’s armed forces and operational constraints. 

Araghchi said in a statement posted on X, “For a period of two weeks, safe passage through the Strait of Hormuz will be possible via coordination with Iran’s Armed Forces and with due consideration of technical limitations.”

A separate statement from Iran’s Supreme National Security Council said transit would remain regulated under military oversight, framing it as part of a broader plan that enhances Iran’s economic and geopolitical position.

The statements followed a ceasefire announcement by US President Donald Trump, who said the agreement was conditional on the reopening of the Strait of Hormuz. The US administration acknowledged Iran’s position, with officials sharing the foreign minister’s remarks publicly.

The Strait of Hormuz handles around 20% of global oil shipments, making it a critical chokepoint for energy markets. Before the conflict, more than 100 vessels passed through the strait daily. 

Recent signals from Tehran suggest it may seek to formalise its role in regulating traffic, including proposals to introduce transit fees similar to those applied at the Suez Canal. It remains unclear whether access will be extended to all vessels or subject to restrictions.

Global oil markets reacted to the latest development, with prices falling sharply after the ceasefire announcement. Brent crude declined by $14.84, or 13.6%, to $94.43 per barrel, while US West Texas Intermediate dropped $16.13, or 14.3%, to $96.82 as of early trading.