UN-backed coalition of 80 countries calls to reopen Strait of Hormuz, raising shipping risk concerns
On 24 September 2026 a coalition of about 80 countries at the UN called for the urgent reopening of the Strait of Hormuz, condemning Iranian and Houthi attacks that have disrupted shipping. The statement highlights heightened maritime-security risk that could raise freight and war-risk insurance costs affecting African shipping corridors and energy trade.
The desk brief
On 24 September 2026 a coalition of about 80 countries at the UN called for the urgent reopening of the Strait of Hormuz, condemning Iranian and Houthi attacks that have disrupted shipping. The statement highlights heightened maritime-security risk that could raise freight and war-risk insurance costs affecting African shipping corridors and energy trade.
A high-profile UN statement elevates political focus on Gulf and Red Sea attacks, likely keeping freight and war-risk insurance premia elevated. Higher transport and insurance costs can increase import bills and reduce exporters' net receipts, widening fiscal and balance-of-payments pressure for exposed African economies that route oil and goods via Hormuz, Bab el-Mandeb and the Suez approaches.
Insurer war-risk premium announcements or a UN Security Council response within two weeks.
Sources & verification
Developing storyFurther independent confirmation is required.
- UNGA 2026: Coalition of 80 countries at call for reopening of Strait of Hormuzmiddleeasteye.net (opens in a new tab)
- At UN, 80 countries demand reopening of Hormuz, condemn Iran, Houthi attacksnewsnationnow.comSource published (opens in a new tab)
Public references supporting this brief.