The Secretary-General of the International Maritime Organization, Arsenio Dominguez, has expressed concerns over the unsafe conditions for vessels and seafarers in the Strait of Hormuz. The region has become increasingly perilous following military strikes by the United States and Israel in February 2026, which resulted in the death of Iran’s supreme leader and triggered a strong response from Tehran. The Islamic Revolutionary Guard Corps has asserted control over the Strait and threatened to target any ships attempting to pass through, disrupting crucial maritime traffic and global oil supplies.
In a recent interview, Dominguez clarified that while the Strait of Hormuz remains open, the heightened tensions pose serious risks for navigation. He highlighted that approximately 20,000 seafarers on cargo ships and around 15,000 passengers and crew on other vessels are currently facing significant safety concerns due to the deteriorating security situation. The Strait is vital for global trade, and instability here can have widespread repercussions.
Additionally, Dominguez noted the financial strain on ship operators, as war risk insurance premiums have surged to five times their usual rates, making it increasingly difficult for many vessels to secure coverage. This lack of insurance may force ships to delay voyages or take longer alternative routes, similar to the disruptions seen in the Red Sea in recent years, ultimately increasing operational costs and freight rates.
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