A group of six European and Asian nations has announced a coordinated effort to restore safe shipping through the Strait of Hormuz, as rising conflict in the Middle East disrupts one of the world’s most critical energy corridors.
In a joint statement on Thursday, the United Kingdom, France, Germany, Italy, Netherlands and Japan condemned recent attacks on energy infrastructure in the Gulf, blaming Iran and urging an immediate de-escalation.
The countries said they are prepared to contribute to efforts ensuring freedom of navigation through the Strait, a key passage that carries nearly 20% of global oil supply and large volumes of liquefied natural gas.
Tensions have surged since late February following joint strikes by the United States and Israel on Iranian targets. מאז then, commercial shipping in the Strait has been severely disrupted.
While Tehran insists the route remains open, it has warned that vessels linked to the United States, Israel and their allies could be targeted if hostilities persist. At least 16 ships and tankers have reportedly been attacked so far.
Despite the risks, several vessels from India, Turkey and Pakistan have crossed the Strait with Iranian clearance.
The disruption has rattled global markets, pushing crude oil prices above $100 per barrel—around $40 higher than pre-conflict levels.
To stabilize supplies, the International Energy Agency has announced the release of 400 million barrels from strategic reserves. The United States has also eased restrictions on Russian oil shipments and indicated that sanctions on Iranian oil could be relaxed if needed.
The six nations welcomed these measures, emphasizing the need for coordinated international action to safeguard maritime trade and restore stability in global energy markets.
