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>>Macron Urges Immediate Restoration of Crucial Navigation Rights Amid Hormuz Strait Tension

Macron Urges Immediate Restoration of Crucial Navigation Rights Amid Hormuz Strait Tension

crypthub

about 19 hours ago

Strategic Importance of the Strait

The Strait of Hormuz is a narrow 21‑nautical‑mile passage linking the Persian Gulf with the Arabian Sea. It carries about 21 million barrels of oil each day, roughly 21% of world petroleum consumption and 30% of seaborne oil trade. Over 85% of this flow supplies Asian markets such as China, India, Japan and South Korea.

Macron’s Position and Legal Basis

French President Emmanuel Macron urged an immediate restoration of freedom of navigation, invoking the United Nations Convention on the Law of the Sea. Article 38 guarantees unconditional transit passage through international straits. France’s naval presence and EU energy‑security concerns back the diplomatic call.

Economic and Security Implications

A closure would lift global oil prices by 30‑50% and push vessel insurance premiums up 300‑400%. Pipeline alternatives in Saudi Arabia (5 million bpd) and the UAE (1.5 million bpd) cannot replace tanker traffic. Multilateral initiatives such as IMSC, EMASoH and the Combined Maritime Forces aim to deter threats and keep commerce flowing.