Strait of Hormuz Status April 29 2026: Open or Closed? Here Is Where Oil Shipping Stands Right Now

# Strait of Hormuz Status April 29 2026: Open or Closed? Here Is Where Oil Shipping Stands Right Now

> **Quick answer:** The Strait of Hormuz is neither fully open nor formally closed as of April 29 2026. Iran allowed a Japanese oil tanker — the Panama-flagged *Idemitsu Maru*, carrying 2 million barrels from Saudi Arabia — to transit southbound with IRGC coordination this morning. But Iran's official position is that the strait remains shut due to US "breaches of trust," and the US maintains its own counter-blockade on Iranian ports and vessels. Brent crude is at $112.30/barrel. US gas prices have climbed back to $4.18/gallon after briefly dropping to $4.02 during ceasefire optimism.

The Strait of Hormuz status on April 29 2026 is best described as a controlled limbo: Iran is selectively permitting some tankers while using the threat of full closure as a diplomatic lever. Understanding what is actually happening — and what it means for your gas bill — requires separating the signals from the noise.

This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.

## The Dual Blockade Explained: Why "Open or Closed" Is the Wrong Question

The Strait of Hormuz status in April 2026 cannot be answered with a binary yes or no. What the world is dealing with is a **dual blockade** — a situation with no modern precedent in global energy markets.