US EditionIran declares Strait of Hormuz completely open to commercial traffic during Israel-Lebanon ceasefire
Oil prices fell more than 10% as Iran said all commercial vessels may pass through the strait for the rest of the ceasefire.
- 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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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…
Tehran agreed on Friday afternoon to reopen the Ormuz crossing. The announcement flew Donald Trump and the Stock Exchange. But not Israel held back against Hezbollah, Iran having conditioned the fate of the famous strait to a truce in Lebanon "THANK YOU!" On Friday afternoon, the very expressive American president no longer had any joy in the words of the Iranian Foreign Minister. "The passage of all commercial ships through the Strait of Ormuz …
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