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Iran Seizes Two European Ships; Hormuz Remains Closed

4/24/2026

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Iran Seizes Vessels
  • European leaders met in Paris urging free navigation, but the Strait of Hormuz stayed closed, exposing economies and global trade.
  • Iran seized the Greek-flagged vessel Epaminondas and MSC’s Francesca, both European-owned, and escorted them into Iranian waters.
  • BIMCO’s chief safety officer warned the announced opening does not make the strait safe.
  • President Donald Trump extended the cease-fire at Pakistan’s request while UAE sought U.S. dollar swaps.
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