Ongoing tensions from Iran's February 2026 closure of the Strait of Hormuz amid the U.S.-Iran conflict have driven trader focus on potential multinational naval transits, following President Trump's March calls for a coalition involving the United Kingdom, France, Japan, South Korea, and others to conduct freedom-of-navigation operations alongside U.S. forces. Iran issued warnings against European warship deployments in May, contributing to cautious responses and limited confirmed commitments beyond U.S. escort and overwatch activities. Recent June developments include U.S. Central Command downing Iranian drones, partial shipping resumption through coordinated passages, and discussions of mine-clearing support from allies such as the UK and France. Any additional deployments by the June 30 resolution date would likely hinge on progress in stalled negotiations or expanded multinational missions.