Iran announces full reopening of Hormuz Strait to commercial traffic

Iran said on Friday that the Strait of Hormuz is open for commercial ships following a US-brokered ceasefire that halted Israel’s military operations in Lebanon.

Though confusion quickly followed, different statements suggested the sea route may not be fully available.

President Donald Trump welcomed the move and called it “a great day for the world” on Truth Social, but confirmed that the US naval blockade on Iran will remain in full force until a broader deal is reached.

Following his post, Iran threatened to shut the strait if the blockade continues. The country also warned that some ships linked to hostile countries may be denied passage.

Shipping data showed several tankers entering the waterway but turning back due to a lack of clearance. Iranian-linked media described only a limited reopening, with restrictions on vessels tied to hostile nations.

While talking to CBS, Trump also announced that Iran has “agreed to everything,” including handing over its enriched uranium. He also sounded confident that a peace deal would be reached in a day or two, per Axios.

Iran did not confirm Trump’s claims.

Markets react
Oil prices fell by more than 10% after the news, dropping below $90 per barrel. The Strait of Hormuz is an important waterway because nearly one-fifth of the world’s oil passes through it. Talks between countries are still ongoing, but no final agreement has been reached yet.