<\/p>\n
Iran announced the Strait of Hormuz is now \u201ccompletely open\u201d for commercial traffic, a major step toward ending a war with the US and Israel that\u2019s sent energy prices surging and hit the global economy.<\/p>\n
Oil prices plunged.<\/p>\n
\u201cIn line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,\u201d Foreign Minister Abbas Araghchi said on X. Ships can move on the \u201ccoordinated route as already announced\u201d by Iranian authorities.<\/p>\n
ADVERTISEMENT<\/p>\n
CONTINUE READING BELOW<\/p>\n
US President Donald Trump hailed the move in a social media post Friday, saying the strait is \u201cFULLY OPEN AND READY FOR FULL PASSAGE.\u201d<\/p>\n
Trump announced a 10-day ceasefire between Lebanon and Israel on Thursday evening, a move that eased tensions with Iran. Israel is waging a war against Hezbollah, a Lebanese-based militant group that\u2019s one of Iran\u2019s closest allies, and Tehran insisted on a truce in that conflict for a peace deal to be struck with the US.<\/p>\n
The Lebanon truce held into Friday afternoon.<\/p>\n
Oil\u2019s decline deepened after Araghchi\u2019s post. Brent crude dropped more than 11% to around $88 a barrel as of 2:10 p.m. in London, paring its gain since the Iran conflict began in late February to 21%.<\/p>\n
Trump on Thursday said a deal to end hostilities with Iran was close. The two have been negotiating via Pakistan this week amid a ceasefire between them, which is due to end April 21.<\/p>\n
The reopening of Hormuz was the most pressing issue for Trump, with the jump in fuel prices, including in the US, hurting him politically and frustrating American allies in Asia and Europe.<\/p>\n
Israel and the US triggered the war by bombarding Iran on Febuary 28, saying they needed to destroy its nuclear and missile programs. Israel has previously signaled it would follow any US decision on extending the truce with Iran or agreeing a peace deal.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#Iran #Hormuz #Strait #completely #open #commercial #ships<\/p>\n","protected":false},"excerpt":{"rendered":"
Iran announced the Strait of Hormuz is now \u201ccompletely open\u201d for commercial traffic, a major…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[1122,510,504,376,181,502,503],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/4148"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4148"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/4148\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}