Amid escalating tensions in the Middle East, Iran’s blockade of the Strait of Hormuz has not affected the activities of Azerbaijan Caspian Shipping Company (ASCO), part of AZCON Holding.

Axar.az informs, citing APА, ASCO noted that since the company has no vessels operating in the Strait of Hormuz area, the situation has not impacted its operations.

“We do not have any vessels in that area,” ASCO emphasized.

It should be noted that the Strait of Hormuz is a strategically important maritime route between the Persian Gulf and the Gulf of Oman, through which a significant portion of the world’s oil and liquefied natural gas supplies pass.

Since the end of February 2026, amid escalating tensions in the Middle East and military strikes by the United States and Israel on Iran, Tehran has begun restricting the passage of ships through the Strait of Hormuz, which has effectively led to the suspension of trade transportation through the strait.

These developments have caused serious disruptions in vessel movement, increased insurance tariffs for ships, and led to a rise in global oil and gas prices due to concerns over the supply of energy resources.