Key insights
- Iran signals openness to Spanish requests regarding Strait of Hormuz transit, following a statement that non-hostile vessels can pass with coordination. This development, while seemingly specific to Spain, carries a slight negative influence for US equities due to the potential for broader geopolitical instability and disruptions to oil supply routes, albeit mitigated by the focus on non-hostile vessels.
MADRID, March 26 (Reuters) - The Iranian embassy in Spain said on Thursday on X that Spain respects international law and therefore Iran would be receptive to any request from Madrid related to the Strait of Hormuz.
"BREAKING NEWS: Iran considers Spain a country committed to international law, so it shows receptiveness to any request coming from Madrid.#StraitofHormuz," the post on X read.
The post follows a note seen by Reuters on Thursday from Iran’s Ministry of Foreign Affairs stating that "non-hostile vessels" could transit the strait if they coordinate with Iranian authorities.
The Embassy of Iran in Spain was not immediately available to provide further details.
Spain’s government was among the first to condemn US-Israeli attacks on Iran, denouncing the war as reckless and illegal.