One of seven stranded Malaysian vessels sails through Hormuz
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One of seven Malaysian-owned commercial vessels stranded in the Strait of Hormuz has been granted safe passage and is heading to its destination. The effective closure of the strait has roiled markets and triggered a broad energy crisis, with the US pushing for a guarantee of freedom of navigation through the strait in ongoing talks with Iran.
One of seven Malaysian-owned commercial vessels stranded in the Strait of Hormuz has sailed through the strait after being granted safe passage. The vessel was allowed to pass following high-level diplomatic engagement between Malaysia and Iran. Malaysia's Prime Minister Anwar Ibrahim and Iranian President Masoud Pezeshkian held a telephone conversation on March 26. The Strait of Hormuz is a vital waterway that carries about a fifth of global oil and liquefied natural gas flows. Its closure has triggered a broad energy crisis. The US is pushing for a guarantee of freedom of navigation through the strait in ongoing talks with Iran.
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