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Ships Crossing Hormuz Need IRGC OK, Unfreezing of Assets Part of Deal, Iran Official Says

Iran has announced that all ships can now pass through the Strait of Hormuz, contingent upon coordination with the Islamic Revolutionary Guard Corps (IRGC). A senior Iranian official has stated that this reopening is linked to an agreement involving the unfreezing of Iranian assets, estimated at approximately $30 billion, which have been blocked due to U.S. sanctions.

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Marcus Kay

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Ships Crossing Hormuz Need IRGC OK, Unfreezing of Assets Part of Deal, Iran Official Says

On April 17, 2026, a high-ranking Iranian official clarified that while the Strait of Hormuz is technically open for commercial shipping, navigation will require approval from the IRGC. This announcement follows a ceasefire accord reached in Lebanon, with Iran's Foreign Minister Abbas Araqchi confirming the strait's status on social media.

The official noted that all vessels must adhere to routes deemed safe by Iran, and military ships will remain barred from passage through the strait. This prospective reopening holds significant implications, as the strait is a critical transit point for about 20% of global oil and liquefied natural gas transport.

The Iranian official emphasized that unfreezing Iranian funds was part of the conditions for reopening the strait, which has seen around 20,000 seafarers stranded due to previous tensions. Although U.S. vessels could be permitted to pass—excluding military ships—navigation must still occur "in coordination with Iran" to ensure safety.

President Donald Trump commented on the development, relaying confidence in an upcoming deal to resolve ongoing conflicts with Iran, though he indicated that the U.S. military blockade of Iranian ports would remain in place until further agreements are solidified.

Concerns surrounding potential mine threats in the strait have raised alarm among shipping interests, with advisories urging caution and consideration of alternate routes. The situation remains fluid as ongoing diplomatic negotiations aim to stabilize this crucial maritime corridor while balancing regional security concerns.

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