Further updates will be provided to Tynwald later this month
Government says it 'continues to closely monitor international developments' as the conflict in the Middle East rages on.
Yesterday (17 April) oil and gas prices fell after Iran declared it would open the Strait of Hormuz while ceasefires last.
It comes as hundreds of ships have remained stranded at the key waterway since the war began at the end of February.
In a new statement, the Isle of Man Government says it 'notes recent announcements of time‑limited ceasefires and renewed diplomatic efforts across parts of the Middle East, including efforts to reduce hostilities between Israel and Lebanon and to sustain existing ceasefire arrangements in Gaza'.
It says that 'while these steps are welcome, the situation remains highly volatile, with continued instability and humanitarian need across the region'.
The statement reiterates the fact that 'at present, there is no disruption to the supply of petrol, diesel or home heating oil to the Isle of Man, and local suppliers remain confident in delivery arrangements'.
Further updates will be provided to Tynwald later this month.
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