Strait of Hormuz completely open until cease-fires end as Trump celebrates tumbling oil prices

President Trump and Iranian Foreign Minister Seyed Abbas Araghchi on Friday announced that the Strait of Hormuz is now “completely open” for all ships, so long as the Israel-Lebanon cease-fire remains in place — with Trump quickly celebrating the resulting tumbling gas prices.“In line with the ceasefire in Lebanon, the passage for all passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep.of Iran,” he said in a post to X.President Trump then quickly took to Truth Social to share the news himself.“IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE.

THANK YOU!”The US will maintain its blockade of Iranian ports — which does not impede other traffic — to keep the pressure on for Tehran to come to the table for a peace deal, he added.“THE STRAIT OF HORMUZ IS COMPLETELY OPEN AND READY FOR BUSINESS AND FULL PASSAGE, BUT THE NAVAL BLOCKADE WILL REMAIN IN FULL FORCE AND EFFECT AS IT PERTAINS TO IRAN, ONLY, UNTIL SUCH TIME AS OUR TRANSACTION WITH IRAN IS 100% COMPLETE,” he said.“THIS PROCESS SHOULD GO VERY QUICKLY IN THAT MOST OF THE POINTS ARE ALREADY NEGOTIATED.

THANK YOU FOR YOUR ATTENTION TO THIS MATTER! PRESIDENT DONALD J.TRUMP.”The cease-fire between Israel and Lebanon went into place on Friday and is scheduled to last 10 days.Iran had initially claimed that Lebanon was included in the US-Iran cease-fire, but Washington held firm that Israel’s battle with the Iranian proxy group Hezbollah was not included in the original deal.That deal — which is set to expire Tuesday — set the stage for peace talks to occur between the US and Iran.Mediator Pakistan is working to arrange a second round of talks, but the parties have yet to formally commit.This is a developing story.Please check back for updates....