European Nations, Japan, and Canada Launch Hormuz Mission: What It Means for Regional Trade and Investment Stability
LONDON – Leading European countries, along with Japan and Canada, issued a joint statement on Thursday declaring their readiness to participate in efforts aimed at ensuring the safe passage of vessels through the Strait of Hormuz. These measures are intended to help stabilize global energy markets.
The full statement from Britain, France, Germany, Italy, the Netherlands, Japan, and Canada reads as follows:
“We strongly condemn recent attacks by Iran on unarmed commercial vessels in the Gulf, assaults on civilian infrastructure including oil and gas facilities, and the effective closure of the Strait of Hormuz by Iranian forces.
We express grave concern over the escalating conflict and call on Iran to immediately cease threats, the laying of mines, drone and missile attacks, and all other attempts to obstruct commercial shipping through the Strait. We urge full compliance with United Nations Security Council Resolution 2817.
Freedom of navigation is a core principle of international law, upheld by the United Nations Convention on the Law of the Sea.
The repercussions of Iran’s actions will be felt globally, impacting especially the most vulnerable populations.
Consistent with UNSC Resolution 2817, we emphasize that interference with international shipping and disruption of global energy supply chains presents a threat to international peace and security. We therefore call for an immediate and comprehensive moratorium on attacks targeting civilian infrastructure, including oil and gas installations.
We express our readiness to contribute to appropriate initiatives to guarantee safe passage through the Strait and commend the commitment shown by nations currently engaged in preparatory planning.
We also welcome the International Energy Agency’s decision to coordinate a release of strategic petroleum reserves. Additional steps will be taken to stabilize energy markets, including collaboration with producing countries to increase output.
Furthermore, we will work to support the nations most affected by these developments, including through mechanisms such as the United Nations and International Financial Institutions.
Maritime security and freedom of navigation serve the interests of all countries. We call on all states to respect international law and uphold the fundamental principles of global prosperity and security.”
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The joint statement by major global players signals increasing international support to secure the Strait of Hormuz, a critical artery for global energy supplies. For businesses in Oman, this underscores a potential stabilization of energy markets but also highlights ongoing geopolitical risks that could disrupt trade and logistics. Smart investors and entrepreneurs should monitor geopolitical developments closely and consider diversifying supply chains and energy investments to mitigate the impact of regional volatility.
