US EditionIran foreign minister says passage through the Strait of Hormuz allowed next 2 weeks under Iranian military management
Iran says ships may pass for 2 weeks under military coordination as West Texas Intermediate crude falls more than 15%, traders said.
- Following President Donald Trump's announcement of a "double-sided ceasefire," Foreign Minister Abbas Araghchi confirmed that ships may transit the Strait of Hormuz for 14 days under Iranian military coordination.
- Before the conflict, the waterway operated under a decades-old system allowing over 100 ships daily through Iranian and Omani waters; recent drone strikes and projectiles forced tankers to avoid the passage entirely.
- Crude oil prices crashed more than 15% to $95 per barrel after the announcement, falling from a $117 peak, while Dow futures spiked 1,000 points and the Nikkei is expected to open up nearly 3%.
- Passage requires "coordination" with Iran's Armed Forces and consideration of "technical limitations," Foreign Minister Abbas Araghchi stated, leaving investors questioning if Iran is truly loosening its chokehold on the Persian Gulf.
- While the immediate threat of war may be pausing at the request of Pakistani intermediaries, the 14-day coordination period suggests the era of unimpeded navigation in the Strait has not yet fully returned.
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Iran has announced that it will allow safe passage through the Strait of Hormuz for two weeks, following President Donald Trump's ceasefire proposal. However, this relief is considered temporary amid missile attacks and rising tensions.
Iran Agrees to Ceasefire, Grants Passage to Strait of Hormuz for Two Weeks
The Islamic Republic of Iran has agreed to a two-week ceasefire and will grant access to the Strait of Hormuz. The post Iran Agrees to Ceasefire, Grants Passage to Strait of Hormuz for Two Weeks appeared first on Breitbart. The post Iran Agrees to Ceasefire, Grants Passage to Strait of Hormuz for Two Weeks appeared first on Conservative Angle | Conservative Angle - Conservative News Clearing House
US President Donald Trump decided on Wednesday night to postpone a planned devastating bombing campaign in Iran for two weeks as part of a ceasefire agreement if Tehran fully reopens the vital Strait of Hormuz. Iran promised safe passage through the Strait of Hormuz two weeks ahead of a US deadline.
Did Iran open the Strait of Hormuz? Here's what Abbas Araghchi said after Trump's ceasefire announcement
Iran's Supreme National Security Council said safe passage through the Strait of Hormuz will be possible for two weeks in coordination with Iran's Armed Forces and subject to technical limitations, according to Foreign Minister Syed Abbas Araghchi.
US To Enter Two-Week Ceasefire if Islamic Republic Allows ‘COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz,’ Trump Announces
President Donald Trump announced that the United States will suspend its military campaign against the Iranian regime for two weeks as long as Tehran agrees to allow commercial vessels to pass through the Strait of Hormuz. "Based on conversations with Prime Minister Shehbaz Sharif and Field…
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