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Maritime and Ports
According to Reuters, Iran has stated that safe passage through the strait will be permitted in coordination with its armed forces. However, no operational framework has been detailed, and it remains unclear how such coordination would function in practice or what limitations may apply.
The ceasefire is expected to create a window for diplomatic talks, with discussions between the US and Iran scheduled to begin in Islamabad from 10 April.
Reuters reports that Iran has submitted a 10-point proposal as the basis for negotiations, including provisions related to the management of maritime transit through Hormuz. These include the establishment of a formal transit protocol and a continued Iranian role in overseeing passage through the waterway.
The Associated Press has also reported that the framework under discussion could allow Iran and Oman to impose tolls on vessels transiting the strait. However, no formal agreement or confirmation from the governments involved has been publicly detailed.
Despite the announcement, there has been no immediate indication of a shift in commercial shipping patterns. Operators remain cautious, with Reuters reporting that major carriers have yet to adjust service plans in response to the ceasefire.
Security concerns persist following a recent incident in the Persian Gulf, where a container vessel was struck by a projectile near Iran’s Kish Island.
According to UK Maritime Trade Operations-linked reporting, the vessel sustained damage above the waterline, but the crew was unharmed. The identity of the vessel has not been formally confirmed by leading wire services.
Industry analyst Lars Jensen noted in a market update that the ceasefire has yet to alter vessel movement patterns through the strait. He added that, from a risk perspective, operators may prioritise moving vessels out of the Persian Gulf while remaining cautious about sending ships back in, given uncertainty over whether the ceasefire will hold.
Jensen also pointed to continued ambiguity around how transit would be managed, highlighting references to coordination with Iranian forces and unspecified “technical limitations”. He further noted that reports of potential tolls for Hormuz passage had not yet been confirmed by official sources.