The UN shipping agency begins evacuating 11,000 seafarers via Hormuz, signaling reduced but persistent oil supply risks.
The International Maritime Organisation has initiated the evacuation of hundreds of vessels stranded in the Gulf, carrying approximately 11,000 seafarers. The operation follows a US-Iran ceasefire and marks a step toward restoring maritime coordination in the region.
While the phased evacuation confirms the ceasefire is holding, Oman has warned that standard shipping lanes remain unsafe due to floating mines. The IMO’s plan involves Iran, Oman, and the US, reinforcing diplomatic progress but suggesting normal tanker flows are weeks away.
Oil markets are likely to retain a supply disruption risk premium until commercial navigation resumes outside coordinated convoys. The evacuation’s success may ease tensions but does not yet eliminate broader geopolitical risks.