Iran reopens Hormuz amid ceasefire
Abbas Araghchi says passage open for commercial vessels
Iranian Foreign Minister Seyed Abbas Araghchi said in a post on social media platform X that the passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of the ceasefire in Lebanon.
Iran temporarily reopened the Strait of Hormuz following a ceasefire agreement in Lebanon, raising optimism about peace talks, but Tehran warned that it could close the crucial waterway again if the recent U.S. Navy blockade of Iranian ports continued.
U.S. President Donald Trump thanked Iran for the announcement of a full reopening of the Strait of Hormuz. In a follow-up post, Trump said that the U.S. naval blockade on Iran will remain in full force until Washington's transaction with Tehran is "100 percent complete." He said that Araqchi's announcement marked "a great and brilliant day for the world."
Oil tanker transit through the Strait of Hormuz, a vital shipping corridor accounting for around 20 percent of global oil flows, has been effectively closed since the outbreak of the conflict in the Middle East at the end of February.
Crude oil futures prices sank over 10 percent as Iran announced the opening of the Strait of Hormuz to all commercial vessels during the ceasefire in Lebanon.
