Iranian Foreign Minister Seyed Abbas Araghchi announced Friday that the Strait of Hormuz has been fully reopened to commercial vessels, coinciding with a 10-day ceasefire between Israel and Lebanon. The move marks a significant de-escalation in regional tensions, though U.S. President Donald Trump emphasized that Washington's naval blockade targeting Iran will persist until bilateral agreements are finalized.
"This process should go very quickly," Trump stated, referencing ongoing negotiations. The reopening of the strategic waterway—through which 30% of global seaborne oil passes—comes as UN Secretary-General Antonio Guterres called for sustained peace efforts, invoking UN Security Council Resolution 1701.
While the Israeli military remains on high alert, the ceasefire has temporarily halted cross-border hostilities. Analysts suggest the synchronized developments could signal progress in broader regional diplomacy, though market reactions remain cautious due to unresolved U.S.-Iran tensions.
