Rising Iran Tensions: Six Nations Form Alliance to Safeguard Hormuz Corridor

Iran: This war in the Middle East is now coming out of the open and shaking the global economy. The Strait of Hormuz, through which about 20% of the world's oil passes, is now almost closed. The ships have been stopped due to attacks on commercial ships by Iran, laying of mines, drone-missile attacks and blocking of navigation. Thousands of seafarers are stranded on ships, some ships have been damaged, and global supply chains are coming to a standstill.

What strict warning have Europe and Japan given to Iran?

Britain, France, Germany, Italy, Netherlands and Japan issued a joint statement on 19 March 2026. These countries strongly condemned Iran's recent attacks – particularly attacks on unarmed commercial vessels, attacks on oil-gas infrastructure and the de facto closure of the Strait of Hormuz. They demanded Iran to immediately stop mine laying, drone-missile attacks, threats and blocking commercial shipping by any means. They also said that all this is a threat to international peace and security. These countries are ready to take part in "appropriate efforts" to ensure safe passage through the strait.

Is the Strait of Hormuz almost closed now?

Traffic has come to a near standstill since the war began in late February. Where earlier 130-140 ships used to pass daily, now only 2-3 or even less. More than 150 tankers and other ships are stuck at anchor, many are waiting by changing routes or stopping. Iran attacked several ships, causing some damage, and two seafarers were reported dead. Insurance companies were canceling war risk coverage, making sailing difficult. Thousands of seafarers (about 40,000) are stranded on ships, and supplies of essential goods are being affected.

What is the impact on the world's energy market?

There was a sharp rise in oil prices – Brent crude reached above 70 dollars, some times even touching 80-100 dollars. Gas prices are also skyrocketing. Refineries and gas facilities of countries like Saudi, Qatar, Kuwait were affected by Iran's attacks. Big importers like Europe and Japan are now looking for alternative ways and are talking about releasing oil reserves. The fear of fuel shortage has increased, especially in Asia and Africa. Fertilizer cost is also increasing, due to which food security is at risk.

Will there be military action or emphasis on diplomacy?

Right now these countries are away from direct military intervention. The joint statement talks about “appropriate efforts” which means support when needed, but for now the focus is on diplomacy and de-escalation. The EU has clearly stated that it wants to calm the situation and respect freedom of navigation as per UN Resolution 2817. America has also sought help from its allies, but no major military move is visible yet. Japan has said that the threshold for sending warships is very high for them.