US EditionIran declares Strait of Hormuz completely open to commercial traffic during Israel-Lebanon ceasefire
Iran said the strait is open to all commercial vessels as oil prices fell more than 10%, officials said.
- Iran declared the Strait of Hormuz open to commercial traffic during the Israel-Lebanon ceasefire.
- The Strait of Hormuz links the Gulf to the Arabian Sea and transports one-fifth of the world's oil and liquefied natural gas.
- The reopening caused oil prices to fall, with Brent crude dropping to $88 per barrel, and global markets rallied.
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343 Articles
The European exchanges recorded strong growth on Friday, especially in the tourism and travel sector, after Iran announced that the Ormuz Strait remains fully open to commercial traffic, CNBC broadcasts.
Guterres Welcomes Iran's Move to Open Strait of Hormuz for Commercial Vessels During Ceasefire
Get latest articles and stories on World at LatestLY. United Nations Secretary-General Antonio Guterres has welcomed Iran's announcement declaring that the Strait of Hormuz has been completely opened for all commercial vessels for the remainder of the ongoing ceasefire, describing it as a positive step towards easing tensions in the region. World News | Guterres Welcomes Iran's Move to Open Strait of Hormuz for Commercial Vessels During Ceasefir…
The full reopening of the Strait of Ormuz is following the implementation of the ceasefire in Lebanon on Thursday night, so all commercial boats can now pass through the Strait.
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