FINWIRES · TerminalLIVE
FINWIRES

Update: Market Chatter: Iran Allows Shipping via Hormuz With Conditions Amid Ceasefire

-- (Updates to add IRGC Navy statement cited by Iranian state media.)

Iran will permit only commercial ships to transit through the Strait of Hormuz, subject to outlined conditions, Tasneem News Agency reported Friday, citing an informed source.

An informed source said the arrangement with the US initially allowed a set number of vessels to pass daily following a ceasefire mediated by Pakistan, the report said.

The source said Iran later suspended the transit plan after the Lebanon ceasefire failed, the report added.

Iran has set three conditions for ships transiting the Strait of Hormuz, requiring vessels to be commercial only, barring military ships and prohibiting any cargo linked to hostile countries, the source said.

The source added vessels must use routes designated by Iran and coordinate passage with Iranian forces, according to the report.

The reopening remains contingent on meeting preconditions, particularly a ceasefire in Lebanon, which Iran views as a critical factor in sustaining maritime access through the chokepoint, the report added.

The source warned that any continuation of naval blockades would be treated as a breach of the ceasefire, potentially triggering a renewed halt in shipping through the strait.

Foreign Minister Abbas Araqchi said commercial vessels would have full access during the ceasefire period, provided they follow coordinated routes set by Iran's Ports and Maritime Organization, the report said.

US President Donald Trump said the Strait of Hormuz is open for business, but added that a naval blockade targeting Iran will remain until bilateral negotiations are fully completed.

In a subsequent statement, the Islamic Revolutionary Guard Corps. Navy command said Friday it has introduced a new operating framework in the Strait of Hormuz, tightening control over vessel movements under the current ceasefire conditions.

The statement said only civilian vessels will be allowed to transit through routes designated by Iran, while military ships remain barred from entering the strategic waterway.

It added that all ship movements must receive prior approval from the IRGC Navy and will be permitted only in line with ceasefire terms tied to the Lebanon truce.

has reached out to Iran's Ministry of Foreign Affairs for any comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Shakti Pumps (India) Invests INR100 Million in EV Mobility Unit

Shakti Pumps (India) (NSE:SHAKTIPUMP, BOM:531431) said it has invested 100 million Indian rupees in its wholly owned subsidiary Shakti EV Mobility by subscribing to 10 million equity shares, according to a Tuesday filing to the Indian stock exchanges.Shares of the company rose 1% in Wednesday's trade.With this, Shakti Pumps' total investment in the EV mobility unit has increased to 650 million Indian rupees, the filing said.The investment is aimed at supporting business expansion of the subsidiary, it added.

$BOM:531431$NSE:SHAKTIPUMP
Asia

Challenger's Fiscal 2026 Q3 Update Missed Consensus Across Key Life Metrics, Jarden Says

Challenger's (ASX:CGF) fiscal 2026 third-quarter update missed consensus across key Life metrics, with FM outflows significantly worse than expected, driven by institutional equity mandate attrition in both Australian and global equities, according to a Tuesday note by Jarden.The firm's redemption of all CGFPC notes on May 25 simplifies the capital structure, reduces the AT1 coupon burden, and is earnings-per-share accretive.Jarden sees balanced risk/reward for Challenger in the future, with catalysts including capital management flexibility from the Australian Prudential Regulation Authority reform, as well as expanding retirement partnerships across superfunds.It lowered its fiscal 2026 sales forecast to reflect weaker institutional fixed-term sales, partially offset by higher retail annuity sales as partnerships come online.The investment firm retained its neutral rating on Challenger and raised the price target to AU$8.70 per share from AU$8.60 per share.

$ASX:CGF
Asia

Proya Cosmetics 2025 Profit Down 4%, Revenue Slips 2%

Proya Cosmetics (SHA:603605) posted 2025 attributable net profit of 1.50 billion yuan, down 3.5% from 1.55 billion yuan the previous year.Earnings per share slid to 3.80 yuan from 3.92 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue declined 1.7% year over year to 10.6 billion yuan from 10.8 billion yuan.Shares of the cosmetics maker were up over 1% in recent trade.

$SHA:603605