Peace Deal Uncertain, Iran Says Strait of Hormuz is Shut

Watch on YouTube ↗  |  April 18, 2026 at 13:49  |  5:12  |  Bloomberg Markets
Speakers
Arsenio Dominguez — Secretary General, United Nations International Maritime Organization

Summary

International Maritime Organization Secretary General Arsenio Dominguez provides an update on the Strait of Hormuz, confirming that navigation is not fully restored due to concerns about mines and the closure of traffic separation schemes. He reports incidents involving Iranian fastboats firing on tankers and highlights that thousands of seafarers remain stuck on vessels. The situation underscores persistent risks to maritime traffic and potential supply chain disruptions in a key global chokepoint.

  • Iran has reimposed restrictions on vessel traffic through the Strait of Hormuz.
  • The traffic separation scheme is not fully open due to concerns about mines.
  • IRGC fastboats have approached and fired on tankers, with no damage reported.
  • Seafarers are largely unable to disembark, with around 20,000 still on vessels.
  • The IMO is verifying safety with littoral states and planning mine cleanup post-conflict.
  • The US military blockade remains a point of contention affecting port traffic.
  • Ship owners are exercising caution, with some vessels turning off identification systems.
  • Updates on seafarer status are expected early next week.
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