Stalled Hormuz talks leave Gulf shipping dependent on Iranian‑flagged vessels, keeping trade routes uncertain

Expansión reports that, after a three‑month forced halt, there has been no advancement in negotiations over the future of the Strait of Hormuz, with most merchant ships able to leave the Persian Gulf flying Iranian flags. The impasse prolongs uncertainty over a critical oil chokepoint, affecting freight costs, insurance premiums, and the timing of crude and product flows worldwide. Key actors include Iran (whose flag dominates the outbound traffic), the United States and other parties engaged in the US‑Iran dialogue, international shipping companies, and insurers monitoring flag‑state risk. Diplomatic discussions are expected to continue, with a gradual resumption of non‑Iranian shipping contingent on a lasting security arrangement; market participants will watch for any formal agreement or further escalation. Expansión notes that, despite a three‑month forced pause, there has been no progress on determining the future status of the Strait of Hormuz. The majority of merchant ships able to exit the Persian Gulf are flying Iranian flags, underscoring the continued reliance on Tehran‑registered vessels. This situation sustains uncertainty over one of the world’s most critical oil chokepoints, with potential repercussions for freight costs, insurance and regional trade flows.

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