""The passage for all commercial vessels through Strait of Hormuz is declared completely open," said Iranian Foreign Minister Abbas Araghchi in an X post."
"President Donald Trump posted to social media moments later. "IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!" Trump said in a Truth Social post."
"Iran expanded its control of the Strait of Hormuz over the course of the war with the United States."
"In response to the news, the price of oil quickly plummeted by more than 10 percent, to less than $89 per barrel."
Iran announced the opening of the Strait of Hormuz for all commercial vessels, a crucial passage for oil supplies. Iranian Foreign Minister Abbas Araghchi confirmed that shipping traffic could resume on a coordinated route. President Donald Trump acknowledged the announcement on social media. Iran's control over the strait has expanded during the ongoing war with the U.S., and this issue was a key point in recent peace negotiations. Following the announcement, oil prices dropped significantly, falling over 10 percent.
Read at The Washington Post
Unable to calculate read time
Collection
[
|
...
]