Iran's Foreign Minister Abbas Araqi stated that the shipping industry is avoiding the Strait of Hormuz not because it is closed, but due to rising risks and inflated war insurance premiums. His assertion came in response to concerns raised primarily by the United States and Israel, suggesting that insurers are reluctant to cover ships passing through the strait because of perceived threats of military action from these nations. Araqi emphasized that the strait remains open, countering narratives implying it is a closed route.

The Minister also warned that the increased rhetoric and threats from the U.S. and Israel are fostering a climate of fear among insurance companies, which ultimately affects global trade. He indirectly criticized the escalation of tensions, suggesting that it is these external forces that are instilling fear and uncertainty in maritime navigation rather than any active blockade by Iran. Araqi argued that the freedom of navigation and trade must be respected and maintained, warning that ignoring these principles could have dire consequences for international commerce.

Moreover, Araqi's statements may reflect Iran's broader strategy to emphasize its role as a stabilizing force in a critical global trade route while also warning that continued threats could destabilize the region further. His call to the international community underlines the importance of dialogue and diplomacy, signaling Iran's willingness to engage on these issues, provided that its sovereignty and trade routes are respected.