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Thailand, Pakistan, Malaysia agree with Iran on Hormuz passage

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Thailand, Pakistan, Malaysia agree with Iran on Hormuz passage

2026-03-29 14:13 Last Updated At:03-30 12:19

Thailand, Pakistan and Malaysia have obtained clearance for some of their vessels to transit the Strait of Hormuz after reaching separate agreements with Iran.

Thai Prime Minister Anutin Charnvirakul said on Saturday that Thailand had secured permission for its oil tankers to safely navigate the strategic waterway following the Thai Foreign Ministry's active diplomatic engagement with relevant countries. The move aims to mitigate domestic crisis like rising oil prices trigged by the Middle East tensions.

In a social media post on Saturday, Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar announced that Iran had agreed to allow an additional 20 Pakistani vessels to pass through the strait, with two ships permitted to transit daily.

Malaysian Foreign Minister Mohamad Hasan said on the same day that several Malaysian oil tankers previously stranded in the strait had been cleared to move. However, he cautioned that despite receiving approval, the vessels must still wait for suitable transit windows given the tense security environment.

United Nations spokesman Stephane Dujarric said Friday that Secretary-General Antonio Guterres has set up a working group on the Strait of Hormuz situation to develop concrete proposals aimed at alleviating the impact of the shipping crisis on humanitarian needs and agricultural supplies.

In response, Iran indicated it is moving to facilitate faster passage for humanitarian cargo ships through the strait at the UN’s request. Operational arrangements will be coordinated with the UN in due course, according to Iranian authorities, who reaffirmed the country’s commitment to ensuring the strait remains safe and stable for all non-hostile nations.

Thailand, Pakistan, Malaysia agree with Iran on Hormuz passage

Thailand, Pakistan, Malaysia agree with Iran on Hormuz passage

Thailand, Pakistan, Malaysia agree with Iran on Hormuz passage

Thailand, Pakistan, Malaysia agree with Iran on Hormuz passage

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 82 pips to 6.9223 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan weakens to 6.9223 against USD Monday

Chinese yuan weakens to 6.9223 against USD Monday

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