Tehran shifts to case-by-case approval for vessels in the key oil chokepoint after February strikes, signaling reduced unconditional access.
Iran is selectively restricting tanker passage through the Strait of Hormuz, a critical oil and LNG transit route, following U.S.-Israeli strikes that began February 28. The move suggests operational control over vessel access, marking a departure from prior unconditional freedom of navigation.
Before the strikes, the strait operated with minimal disruptions, though Iran had previously threatened closures during regional tensions. Neighboring countries reliant on oil and LNG exports report heightened delays, reinforcing concerns over supply chain vulnerabilities.
Markets have yet to react sharply, but analysts warn of potential volatility if restrictions escalate or persist.