Iran’s action to seize a ship from Oman’s territorial waters using military force, has upped the anti and threatens to add risk and cost to commercial shipping in navigating the busy Straits of Hormuz.
The International Chamber fo Shipping has expressed its concern with Secretary General Guy Plattern summing it up:
“Freedom of navigation is vital for global trade and we encourage all nations to uphold this fundamental principle of maritime law. In the 21st century it is not acceptable for seafarers and ships to become pawns in any way, they must be allowed to operate in safety. We will be reviewing the situation and remain in contact with relevant authorities.”
From my perspective this is foolish move by Iran. There were a number of European nations feeling sympathetic towards Iran and tending not to enforce the USA led sanctions. But this overtly hostile action will only strengthen their resolve against Iran and Iran will be further disadvantaged.
This is a perfect example of foolish hubris and sabre rattling overriding any sense of logic or political sensibility.
Unfortunately the result will be higher costs to international shipping using this important waterway.
