"Iran's Foreign Minister Abbas Araghchi declared that the Strait of Hormuz was completely open in line with the ceasefire between Israel and Lebanon that took effect the previous day."
"Trump affirmed on social media that the strait was open, later claiming that Iran had agreed to never close the Strait of Hormuz again, while the US naval blockade on Iranian ports would remain in full force."
"The blocking of tankers from using the strait, through which about 20 percent of the world's crude flows on a typical day, has led to a global surge in fuel prices."
"World leaders have welcomed the news with cautious optimism amid mixed messages from the US and Iran regarding the strait's status and the ongoing naval blockade."
The reopening of the Strait of Hormuz has been welcomed by politicians and industry after previous traffic throttling caused oil prices to spike. Iran's Foreign Minister Abbas Araghchi confirmed the strait is open, aligning with a ceasefire between Israel and Lebanon. US President Donald Trump also affirmed the strait's openness but stated that the US naval blockade on Iranian ports would continue. A meeting in Paris with 40 countries aimed to restore navigation freedom in the strait once hostilities cease. The blockade's impact on global fuel prices has been significant.
Read at www.aljazeera.com
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