Iran maintains control over shipping access through the Strait of Hormuz despite a ceasefire agreement, according to multiple government and industry officials. The UAE's state oil company ADNOC chief executive stated the strategic waterway remains effectively closed, with Tehran dictating terms for passage.

The International Maritime Organization has warned that Iran's reported tolls on shipping through the strait would set a dangerous precedent for global maritime trade. The Strait of Hormuz serves as a critical chokepoint for global oil shipments, handling approximately one-fifth of the world's petroleum liquids.

International Monetary Fund Managing Director Kristalina Georgieva warned that the Iran conflict will permanently damage the global economy even if peace is achieved. She cited "scarring effects" that would slow global growth beyond initial projections. European Union officials have similarly warned of lingering stagflation risks despite the ceasefire.

Diplomatic efforts to restore navigation freedom are underway. Italian Prime Minister Giorgia Meloni said her government is working to restore freedom of navigation in Hormuz, while NATO Secretary-General Mark Rutte has reportedly told allies that the Trump administration wants commitments on Hormuz access within days.

Bank of England Governor Andrew Bailey has noted that the Iran conflict is compounding stress in private credit markets. Energy companies including Chevron have reported oil price benefits from the conflict while warning about hedging impacts on future earnings.

Iran has granted some shipping waivers, with India receiving permissions for certain vessels to deliver Iranian cargoes, according to industry sources. Iranian medical authorities have reported more than 3,000 Iranian casualties during the conflict period.