MOSCOW, April 2. /TASS/. Iran is ready to sign agreements with European, Asian, and Arab countries on the use of the Strait of Hormuz, Head of the Government Information Council Elias Hazrati said.
A security conference of foreign ministers will also take place later on April 2 via videoconference, focusing on the closure of the Strait of Hormuz, UK Prime Minister Keir Starmer said.
TASS has compiled the key information about proposals to reopen the Strait of Hormuz.
Strait agreement
Iran fully controls the Strait of Hormuz, Head of the Government Information Council Elias Hazrati said.
He added that Iran may announce an accord on the Strait of Hormuz.
Iran will invite European, Asian, and Arab countries that want to use the Strait of Hormuz to enter into an agreement.
Earlier, an aide to Iran’s supreme leader, Mohammad Mokhber, said revenue from control over the strait would be at least twice as high as oil export income.
Transit of the Strait of Hormuz
Iranian authorities have decided to close the Strait of Hormuz to vessels linked to the US, Israel, and countries that supported aggression against the Islamic Republic.
Security in the Strait of Hormuz is directly linked to maintaining Iran’s stability and sovereignty, Iran’s Ambassador to Turkmenistan Ali Mojtaba Rouzbehani said in an article obtained by TASS.
Earlier, Iranian Foreign Minister Abbas Araghchi said Iran has taken all measures to ensure safe passage for ships from friendly countries through the strait, while it remains closed to those waging war against the Islamic Republic.
Iran assured Russia that there are no problems with Russian vessels passing through the Strait of Hormuz, Russian Ambassador to Iran Alexey Dedov said in an interview with RTVI.
Around 400 vessels of various types remain stationary in the Strait of Hormuz area, the Mehr News Agency reported.
According to its information, they are awaiting a decision by Iranian authorities on whether they will be allowed to transit.
The Maltese-flagged container ship Safeen Prestige has sunk in the Strait of Hormuz, according to a notice circulated by maritime traffic operators in the region and obtained by TASS.
According to Reuters, on March 4, 2026, the same vessel reported that it had been hit by an unidentified projectile just above the waterline, causing a fire in the engine room.
Other proposals to stabilize oil supplies
Gulf countries are considering building pipelines bypassing the Strait of Hormuz, the Financial Times reported, citing sources.
The move is being discussed amid the conflict around Iran and the risk of supply disruptions.
According to its information, new routes could reduce dependence on the strait, though their implementation would be expensive and take years.
In this context, the region is also discussing the expansion of existing capacity, including the Saudi Arabian East-West oil pipeline.
Similar projects have previously been postponed due to high costs and complexity, but the current crisis has boosted interest in alternative export routes, the publication said.
Decisions will depend on how the situation around the Strait of Hormuz develops.
A security conference among foreign ministers on the closure of the Strait of Hormuz will be held on April 2, British Prime Minister Keir Starmer said.
According to London, the new coalition includes 35 countries, including several European states as well as Australia, Bahrain, the Dominican Republic, Canada, New Zealand, Panama, Trinidad and Tobago, the UAE, and South Korea.
US statements
Shipping in the Strait of Hormuz will be fully restored after the conflict with Iran ends, particularly because Tehran has an interest in selling oil, US President Donald Trump stated.
Gas prices will also fall quickly once supplies resume, he added.
The US does not rely on shipments through the Strait of Hormuz; the restoration of shipping through it should be managed by the countries that use it to transport oil, Trump noted.
The US does not plan to take part in normalizing shipping in the Strait of Hormuz, the American president said.