Iran declares Strait of Hormuz open to shipping; Trump says U.S. blockade still active
Iran opens shipping lanes amid Lebanon ceasefire.
Iran has declared the Strait of Hormuz open to all commercial shipping during the ongoing ceasefire between Israel and Lebanon, as announced by Foreign Minister Seyed Abbas Araghchi. While vessels can now transit, they must follow a designated route set by Iranian maritime authorities. President Trump expressed gratitude for the reopening but reiterated that the U.S. blockade of Iranian ports remains unchanged.
Key Takeaways
- 1.
Oil prices dropped over 10%, falling below $90 per barrel.
- 2.
Iran's Foreign Minister announced a coordinated route for vessels transiting the strait.
- 3.
The U.S. blockade of Iran's ports remains in effect despite the reopening.
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