Shipowners and Oil Traders Wary as Iran Says Hormuz Fully Open

MarketsShipowners and Oil Traders Wary as Iran Says Hormuz Fully OpenFacebookXLinkedInEmailLinkGiftExpandShips line up in the Strait of Hormuz as seen from Khor Fakkan, UAE, in March.Photographer: Altaf Qadri/AP PhotoFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Bloomberg NewsApril 17, 2026 at 4:08 PM UTCUpdated on April 17, 2026 at 4:29 PM UTCBookmarkSaveTanker owners and oil traders responded warily after Iran said on Friday that the Strait of Hormuz is open to all ships — a statement that, if true, will free up millions of barrels of crude oil and fuel stuck inside the Persian Gulf. The country’s Foreign Minister Abbas Araghchi said in a post on X that “the passage for all commercial vessels through Strait of Hormuz is declared completely open.” Araghchi’s post said the waterway is open, but through a “coordinated route” — an apparent reference to a Tehran-approved passage.