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

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(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.)

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