Strait of Hormuz: Russia Confirms Access Amidst Oil Supply Concerns

Moscow – Russia has access to the Strait of Hormuz, Kremlin aide Yuri Ushakov stated on Thursday, despite ongoing disruptions to global oil and gas shipments caused by the conflict between the U.S., Israel and Iran. The statement, reported by Interfax news agency, comes as the war has curtailed approximately one-fifth of the world’s oil and liquefied natural gas transit through the vital waterway, driving up prices and creating supply concerns.

Russian Position on Strait of Hormuz

“It is open for us,” Ushakov said, speaking on Russian state TV channel Vesti. This declaration signals Russia’s continued ability to navigate the Strait, a critical chokepoint for global energy trade. The Kremlin’s assertion stands in contrast to the significant disruptions experienced by other nations due to the escalating tensions in the region.

Context of Iran’s Restrictions and International Response

Iran has been implementing a selective access regime at the Strait of Hormuz, granting passage to vessels from certain countries while restricting others. On March 28, Iran agreed to allow 20 Pakistani-flagged vessels safe passage, at a rate of two per day, according to Pakistani Foreign Minister Ishaq Dar. Simultaneously, Iran turned back two Chinese COSCO container ships near Larak Island, despite Beijing’s nominal exemption from the blockade. This tiered system, based on diplomatic alignment and cargo origin, highlights Iran’s attempt to exert geopolitical control over the waterway.

The Russian Foreign Ministry previously stated its opposition to Iran’s blockade of the Strait of Hormuz, but qualified this stance by emphasizing the need to view the situation “in the context of the broader global situation.” This suggests Russia acknowledges Iran’s security concerns while maintaining its own interests in uninterrupted access to the Strait.

Impact on Global Oil Markets

The U.S.-Israeli conflict with Iran has significantly impacted global oil markets. The disruption of approximately 20% of the world’s oil and liquefied natural gas shipments through the Strait of Hormuz has led to soaring prices and increased volatility. Treasury Secretary Bessent recently confirmed that, despite global uncertainty, the oil market remains well supplied, though this assessment may be challenged by continued disruptions.

As of March 30, 2026, Brent Crude was trading at $113 per barrel, a 57% increase from $72. The conflict has resulted in at least 16 ships being hit since February 28, further exacerbating concerns about supply chain security. The selective access regime implemented by Iran exposes vulnerabilities for countries like Saudi Arabia, whose petrochemical exports, food imports, and industrial supply chains still rely on Gulf-side ports.

China and Russia’s Concerns

China has engaged in discussions with Iran to secure safe passage for its oil and liquefied natural gas tankers through the Strait of Hormuz. This engagement underscores China’s dependence on Middle Eastern energy supplies and its desire to mitigate the risks associated with the conflict. Russia, while maintaining access, also recognizes the broader implications of the situation for global stability.

According to a report from March 23, 2026, both Russia and China have voiced concerns over potential restrictions at the Strait of Hormuz and the escalating regional conflict. These concerns reflect the strategic importance of the waterway for both nations’ energy security and trade interests.

Geopolitical Implications

Iran’s selective access regime at Hormuz is constructing a new maritime order, sorting global shipping into tiers based on diplomatic alignment. This move has consequences extending far beyond the waterway itself, impacting global trade flows and geopolitical relationships. The situation highlights the increasing complexity of navigating the Middle East’s volatile political landscape and the potential for further disruptions to global energy markets.

The ongoing conflict and Iran’s actions at the Strait of Hormuz underscore the need for diplomatic solutions to de-escalate tensions and ensure the free flow of energy supplies. The involvement of major global powers, including Russia and China, suggests a multifaceted approach will be required to address the challenges posed by the current situation.