Iran announces reopening of Strait of Hormuz for oil tankers
Iran’s Foreign Minister Abbas Araghchi has declared the Strait of Hormuz fully open to commercial ships as long as a ceasefire in the Middle East is maintained. The move follows previous disruptions that impacted global oil trade. Only civilian vessels will be allowed passage, with military ships still prohibited. US President Donald Trump responded by stating that the US naval blockade of Iranian ports will continue until a peace deal is reached.
What we know
- Abbas Araghchi announced on X that the Strait of Hormuz is “completely open” for commercial vessels during the ceasefire.
- The passage of military vessels remains prohibited, according to an Iranian senior military official.
- The reopening is tied to the ongoing ceasefire agreements involving Lebanon, Israel, Iran, and the United States.
- Donald Trump welcomed the reopening but emphasized that the US naval blockade on Iranian ports will persist until a peace agreement is finalized.
- Oil prices, which had surged during the disruption, dropped after the announcement.
