The strategic Strait of Hormuz has reopened to all commercial vessels following a diplomatic breakthrough linked to a 10-day ceasefire between Israel and Lebanon, marking a critical step toward stabilizing Middle Eastern trade routes. Iranian Foreign Minister Seyed Abbas Araghchi announced the decision on Friday, aligning it with the temporary truce that took effect this week.
U.S. President Donald Trump acknowledged Iran’s move but emphasized that Washington’s naval blockade targeting Tehran will persist until bilateral agreements are finalized. “This process should go very quickly,” Trump stated, referencing ongoing negotiations.
The ceasefire, which follows weeks of escalating tensions, has been welcomed by UN Secretary-General Antonio Guterres, who urged sustained dialogue under UN Security Council Resolution 1701. Analysts suggest the reopening of the vital waterway—through which 20% of global oil shipments pass—could ease immediate supply chain pressures, though regional stability remains fragile.
Business leaders and energy markets are closely monitoring developments, with shipping companies preparing to resume normal operations through the strait this week.
