economy
April 18, 2026
Iran declares Strait of Hormuz ‘completely open’ for all commercial vessels
Iran says the Strait of Hormuz is “completely open” in line with the Lebanon ceasefire, Trump thanks Tehran for unblocking the “strait of Iran,” and oil prices drop
TL;DR
- Iran has declared the Strait of Hormuz completely open for all commercial vessels.
- This opening is linked to the ongoing ceasefire in Lebanon.
- The Strait of Hormuz has been reopened for the remainder of the ceasefire period.
- Vessels must follow a coordinated route announced by Iran's Ports and Maritime Organisation.
- US President Donald Trump thanked Iran for reopening the strait.
- The closure of the strait since late February had increased energy prices and disrupted the global economy.
- Oil prices dropped more than 10% following the announcement.
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