Live Updates > Live Update Details
2026-04-08 17:42:52
[Iranian Navy Sets Up Barricades in Strait of Hormuz; Passage Still Requires Permission Despite Ceasefire; Ships Warned "Destroyed Without Approval"] ⑴ The Iranian Navy informed ships anchored near the Strait of Hormuz on Wednesday morning that passage through the strait still requires Iranian permission. ⑵ A recording shared by a crew member shows that all ships must obtain permission from the Iranian Islamic Revolutionary Guard Corps Navy to pass through the strait; any ship attempting to pass without permission will be destroyed. This information was broadcast to ships via radio. ⑶ Although President Trump stated that he had agreed to a two-week suspension of strikes against Iran, provided the strait could be fully, immediately, and safely reopened, the Iranian government has signaled its intention to continue exerting influence over the waterway. ⑷ According to photos and videos shared by crew members, fighter jets are still circling over the Persian Gulf, and most ships remain anchored. ⑸ From a psychological perspective, the market's previous relief from the ceasefire was quickly eroded by reality. The discrepancy between Iran's actual control and its political statements has forced shipping companies and energy traders to remain highly vigilant and hesitant to resume normal passage. (6) The key concern going forward is whether the parties can reach a verifiable operational arrangement for the licensing mechanism; otherwise, the deadlock over passage through the Strait of Hormuz will continue to disrupt the global energy supply chain.
