European ministers will discuss plans to reopen the Strait of Hormuz.

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Investing.com – European foreign ministers will hold a meeting today to discuss various plans to reopen the Strait of Hormuz to restore the transportation of oil and fertilizers, but no decisions are expected to be made at this meeting.

EU Chief Diplomat Catherine Ray said she had discussions over the weekend with UN Secretary-General António Guterres about the possibility of implementing a mechanism similar to the Black Sea Grain Initiative. The agreement, brokered by the United Nations, helped facilitate the export of Ukrainian grain from ports after Russia’s invasion.

Ray also stated that ministers will explore the possibility of readjusting the purpose of existing EU naval missions in the region.

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