Finance

EU's Kallas floats Black Sea model to unblock Strait of Hormuz

Published by Global Banking & Finance Review

Posted on March 16, 2026

3 min read

· Last updated: April 1, 2026

Add as preferred source on Google
EU's Kallas floats Black Sea model to unblock Strait of Hormuz
Global Banking & Finance Awards 2026 — Call for Entries

BRUSSELS, March 16 (Reuters) - EU foreign policy chief Kaja Kallas said on Monday she had discussed with the United Nations the idea of freeing up transport of oil and gas through the Strait of Hormuz

EU's Kallas floats Black Sea model to unblock Strait of Hormuz

EU's Diplomatic Efforts to Address the Strait of Hormuz Crisis

Proposal to Replicate the Black Sea Initiative

BRUSSELS, March 16 (Reuters) - EU foreign policy chief Kaja Kallas said on Monday she had discussed with the United Nations the idea of freeing up transport of oil and gas through the Strait of Hormuz by replicating a deal that gets grain out of Ukraine during wartime.

Under the deal, Ukraine can export grain and related foodstuffs and fertilizers through the Black Sea, and merchant vessels and other civilian vessels are not attacked by Russia.

Discussions with the United Nations

Kallas said she had spoken to U.N. Secretary General Antonio Guterres about the idea to unblock the strait, currently choked off due to the Iran war.

"I had talks with Antonio Guterres about whether it was possible to also have the same kind of initiative like we had (with) the Black Sea Initiative," Kallas said.

International Reactions and Challenges

UN's Position on the Initiative

A U.N. spokesperson acknowledged speculation about a possible U.N.-led initiative around the strait, but cautioned that the "stakes are too high" and that the world body will continue to work "discreetly."

Guterres is due to travel to Brussels on Tuesday for informal discussions with European officials, Dujarric said.  

Current Situation in the Strait of Hormuz

Iran has effectively shut the Strait of Hormuz, amid the U.S.-Israeli war on Iran, now in its third week. Iranian forces have attacked ships in the narrow channel between Iran and Oman, choking off a fifth of global oil supply in the biggest disruption ever.

Implications for Global Energy and Food Security

Kallas said the closure of the strait was "really dangerous" for energy supplies to Asia but was also a problem for the production of fertilisers, which could lead to shortages of food. 

EU Naval Mission and Member State Perspectives

Potential Role of Operation Aspides

Kallas said ministers would also discuss whether it was possible to change the mandate of the EU's small Middle East naval mission, Aspides, which currently focuses on protecting ships in the Red Sea from Yemen's Houthi rebel group.

Member State Concerns

Asked about the scepticism expressed by German Foreign Minister Johann Wadephul on whether Aspides could be useful in the Strait of Hormuz, Kallas said: "Of course we need to also have the member states on board."

(Reporting by Lili Bayer, Charlotte Van Campenhout and Andrew Gray; Editing by Sudip Kar-Gupta, Kate Mayberry, Alexandra Hudson)

Key Takeaways

  • Kallas floated replicating the UN‑brokered Black Sea Grain Initiative to open safe corridors in the Strait of Hormuz, blocked amid the Iran–U.S./Israeli conflict.
  • Closure of the strait is disrupting roughly 20% of global oil and significant LNG flows, fueling surging energy and fertilizer prices.
  • The EU is considering adapting its Aspides naval mission—initially in the Red Sea—to support navigation through Hormuz, contingent on member‑state approval.

References

Frequently Asked Questions

What proposal did the EU make to unblock the Strait of Hormuz?
EU foreign policy chief Kaja Kallas proposed replicating the Black Sea Initiative, which freed grain transport from Ukraine, to restore oil and gas movement through the Strait of Hormuz.
Why is the Strait of Hormuz currently blocked?
The strait is blocked due to military action involving Iran and attacks on ships, disrupting about a fifth of global oil supply.
Who is Kaja Kallas and what is her role?
Kaja Kallas is the EU foreign policy chief advocating for a solution to the Hormuz blockade and discussing options with the UN.
How is the energy supply affected by the Strait of Hormuz closure?
The closure creates a significant risk to Asia's energy supplies and threatens fertilizer production, which could lead to future food shortages.
What changes are suggested for the EU’s naval mission in the Middle East?
Discussions are ongoing about expanding the EU’s Aspides naval mission, currently focused on the Red Sea, to help keep the Strait of Hormuz open.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category