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European Oil Markets
31JUL

Pakistan Hormuz deal: 40 ships of 2,000

2 min read
09:33UTC

Islamabad secured passage for 20 more vessels, but the deal covers a fraction of the queue and preserves Iran's legal claim over the strait.

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EconomicDeveloping
Key takeaway

Pakistan's Hormuz deal reinforces Iran's sovereignty claim while covering under 2% of stranded vessels.

Pakistan secured a second bilateral deal with Iran: 20 more vessels at two per day, bringing the Total to approximately 40 Pakistani-flagged ships 1. Iran's state media framed it as a bilateral arrangement, not a concession on Hormuz sovereignty. Against approximately 2,000 stranded ships , 40 vessels represents less than 2% of the queue.

Prime Minister Shehbaz Sharif held what Pakistani officials described as "extensive discussions" with Iranian President Masoud Pezeshkian. Finance Minister Ishaq Dar called the deal a "harbinger of peace." It is not. Every bilateral deal reinforces Tehran's leverage by demonstrating that Hormuz passage now flows from Iranian permission, not international law. Each agreement concedes the premise that Iran controls the strait .

Deep Analysis

In plain English

The Strait of Hormuz has about 2,000 ships stuck waiting to pass through. Pakistan negotiated a deal to get 40 of its own ships through, two per day. That is less than 2% of the queue. The deal is significant not for the ships it moves but for what it implies: Pakistan accepted that Iran's permission is required to transit an international waterway. International law says Iran has no right to charge that toll or require that permission. Every bilateral deal like this one makes it slightly harder to argue that Iran is violating international law, because sovereign states are effectively recognising Iran's authority by asking for its approval.

Sources:PressTV
Mentions:Strait of Hormuz →Iran →Pakistan →
First Reported In

Update #51 · Iran hits aluminium plants; Hormuz emptying

PressTV· 29 Mar 2026
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Causes and effects
Caused by
Pakistan bids to host US-Iran talks
Pakistan's second bilateral Hormuz deal follows its prior facilitation role and confirms its positioning as Iran's preferred bilateral intermediary.
Occurred 24 Mar 2026
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This Event
Pakistan Hormuz deal: 40 ships of 2,000
The bilateral deal demonstrates Iran's ability to grant selective passage while maintaining its sovereignty position, turning Hormuz access into a diplomatic currency rather than a legal right.
Led to
COSCO ships pay IRGC toll at Hormuz
Pakistan's deal for 20 additional ships through Hormuz created the precedent that state-backed vessels can transit under negotiated terms.
Occurred 30 Mar 2026
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