""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," Iranian foreign minister Abbas Araghchi posted on X."
""IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!," Trump posted on Truth Social."
"The global benchmark Brent crude is down to $88.90 per barrel, the lowest in over a month. WTI, the main U.S. reference, is at $83.35."
"It's unclear how many shippers will feel the claims provide enough certainty to start resuming transit through the narrow waterway, which handles about a fourth of the world's seaborne oil trade."
Iran has announced that the Strait of Hormuz is completely open for commercial vessels during the ceasefire in Lebanon. This announcement was made by Iranian foreign minister Abbas Araghchi, who stated that the passage would follow a coordinated route. Following this news, Brent crude prices fell to $88.90 per barrel, while WTI reached $83.35. U.S. stock futures increased in response to the announcement, although uncertainty remains regarding how many shippers will resume transit through this critical waterway.
Read at Axios
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