Speaking at an open debate of the UN Security Council on maritime security, organised by Bahrain, which holds the presidency of the body this month, Guterres called on all parties to reopen the strait and “allow vessels to pass without discrimination.”
“Open the strait. Let trade resume. Allow the global economy to breathe. This moment calls for restraint and dialogue,” the UN chief stated in a firmer tone than usual, recalling the critical importance of the route. Around one-fifth of global oil trade, one-fifth of liquefied natural gas shipments and nearly one-third of internationally traded fertilisers pass through the Strait of Hormuz.
According to Guterres, the economic impact is already being felt through increased volatility in energy and commodity markets, as well as rising transport costs and maritime insurance premiums.
He added that the situation has caused “the most significant disruption to supply chains since the COVID-19 pandemic and the war in Ukraine.”
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Guterres also highlighted the situation of seafarers, noting that “more than 20,000 sailors remain stranded at sea and over 2,000 commercial vessels are caught between risks and navigation restrictions.”
“These individuals are not part of any conflict. They are civilian workers who keep the world supplied,” he stressed.
