Finance

UN moves to create mechanism to safeguard Hormuz trade in face of Iran war

Published by Global Banking & Finance Review

Posted on March 27, 2026

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· Last updated: April 1, 2026

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UN moves to create mechanism to safeguard Hormuz trade in face of Iran war
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March 27 (Reuters) - The United Nations said on Friday it was setting up a task force to design a mechanism to keep trade flowing through the Strait of Hormuz, warning that disruptions caused by the

UN Launches Task Force to Protect Strait of Hormuz Trade from Iran Conflict

UN Response to Strait of Hormuz Disruptions

Formation of the Task Force

March 27 (Reuters) - The United Nations said on Friday it was setting up a task force to design a mechanism to keep trade flowing through the Strait of Hormuz, warning that disruptions caused by the Iran war risked greater food shortages and humanitarian crises worldwide.

Urgency of Immediate Action

"Immediate action is essential to mitigate these consequences," U.N. spokesperson Stephane Dujarric said.

Leadership and Structure

U.N. Under-Secretary-General Jorge Moreira da Silva, executive director of the United Nations Office for Project Services, will lead the project, Dujarric said.

Inspiration from Previous UN Initiatives

He said the envisaged task force would draw inspiration from other U.N. initiatives, including the Black Sea Grain Initiative for Ukraine and the UN2720 Mechanism for Gaza.

Engagement with Member States

"The task force will now be in touch with all the relevant member states to see how this can be operationalized," Dujarric said. "We hope that all member states involved will support this, especially for the sake of people ... who are already being impacted."

Potential Global Impact

Threats to Food Security and Energy Prices

Disrupted fertilizer shipments and soaring energy prices are threatening fresh food‑price surges in vulnerable countries, risking a years‑long setback just as many were emerging from successive global shocks, U.N. and other experts warn.

UN World Food Programme Analysis

An analysis released by the U.N. World Food Programme last week warned that tens ​of millions more people will face acute ‌hunger if the Iran war runs through to June.

(Reporting by David Brunnstrom; Editing by Jasper Ward and Howard Goller)

Key Takeaways

  • The UN’s task force aims to ensure continued trade through the Strait of Hormuz, a vital route for oil and fertilizer shipments, currently disrupted by the Iran war. (en.wikipedia.org)
  • The initiative draws on past UN mechanisms like the Black Sea Grain Initiative — which facilitated safe grain and fertilizer exports during the Russia‑Ukraine conflict (un.org) — and the UN2720 aid‑tracking system for Gaza (info.un2720.org).
  • Disruptions to shipping through the Strait jeopardize global food security; recent UN analysis warns that millions more could face acute hunger by June if the conflict persists. citeturn0news5turn0news0

References

Frequently Asked Questions

Why is the UN creating a task force for the Strait of Hormuz?
The UN is setting up a task force to keep trade flowing through the Strait of Hormuz due to disruptions caused by the Iran war, aiming to prevent global food shortages and humanitarian crises.
Who will lead the new UN task force?
Jorge Moreira da Silva, executive director of the United Nations Office for Project Services, will lead the project.
What UN initiatives will inspire the new mechanism?
The mechanism will draw inspiration from the Black Sea Grain Initiative for Ukraine and the UN2720 Mechanism for Gaza.
What risks are associated with disruptions in the Strait of Hormuz?
Disruptions risk causing food shortages, humanitarian crises, and fresh surges in food and energy prices, impacting vulnerable countries.
How many people could be affected if the Iran war continues?
The UN World Food Programme warns that tens of millions more people will face acute hunger if the Iran war continues through June.

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