Iran’s control of Strait of Hormuz raises legal issues; reopening unlikely

AI Summary

Iran’s strengthened control over the Strait of Hormuz has led to legal challenges and increased instability in global energy markets and shipping. The likelihood of a full reopening by 2026 appears low, pushing countries like India, China, Japan, and South Korea towards bilateral deals with Tehran for passage.

Iran’s tightening grip on the Strait of Hormuz has left global energy markets and shipping in turmoil, with The Financial Times reporting that a full reopening of the waterway in 2026 is unlikely. Instead, countries such as India, China, Japan, and South Korea may be forced into bilateral deals with Tehran to secure passage, while ...