"In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran."
"President Trump thanked Iran for reopening the Strait and specified that the naval blockade exerted by CENTCOM would remain in full force and effect as it pertains to Iran, only, until such time as our transaction with Iran is 100% complete."
Iran's Foreign Minister announced the reopening of the Strait of Hormuz as part of a ceasefire, allowing free passage for commercial vessels. This led to a significant drop in oil prices, with Brent futures falling over 10% to $87.19. West Texas Intermediate futures also saw a decline, reaching as low as $82.34. President Trump confirmed that the CENTCOM blockade would remain until a complete deal regarding Iran's nuclear assets is finalized, urging conservation due to high gas prices and inflation.
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