Iran announced on Friday the full reopening of the Strait of Hormuz to all commercial vessels for the remaining period of the ceasefire, according to Foreign Minister Abbas Araghchi, in a move that coincides with ongoing regional developments, while US President Donald Trump responded to the announcement.
The Iranian minister stated in a post on X that maritime traffic would pass through the coordinated route previously designated by Iran’s Ports and Maritime Organization, noting that the measure aligns with the current ceasefire without specifying its exact duration.
The announcement comes as a ceasefire agreement between Iran and the United States remains in effect for two weeks since the night of April 7–8, alongside a separate ceasefire in Lebanon that began overnight Thursday into Friday for a period of ten days.
Reacting to the development, Donald Trump posted on Truth Social referencing the reopening of the Strait of Hormuz and expressing his response to the move.
Oil markets reacted with a noticeable decline following the announcement, as traders monitored developments affecting navigation through one of the world’s key maritime chokepoints.
Brent crude for June delivery fell by about 10.42 percent to 89.03 dollars per barrel, while US West Texas Intermediate for May delivery dropped 11.11 percent to 84.17 dollars per barrel.