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Donald Trump hailed a major step toward peace with Iran after the regime’s leadership declared the Strait of Hormuz ‘completely open’ following Israel’s ceasefire with Lebanon.
Iran’s foreign minister announced Friday morning on social media that ‘all commercial vessels’ are now permitted to pass through the critical oil chokepoint, marking a full reopening after nearly a month-long shutdown.
‘In line with the ceasefire in Lebanon, the 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,’ wrote Seyed Abbas Araghchi.
Following the announcement, crude prices plunged 10 percent within minutes to $82 a barrel. The strait carries roughly one-fifth of the world’s oil supply.
Trump reacted on Truth Social by thanking the regime he once sought to topple: ‘IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!’
Iran had previously insisted the strait would only fully reopen if Israel agreed to a ceasefire in Lebanon, where Tehran-backed Hezbollah is active. On Thursday, Trump announced a 10-day ceasefire between Israel and Lebanon following a phone call with Benjamin Netanyahu.
After peace talks with the Islamic regime collapsed last weekend in Pakistan, the President launched a naval blockade of the strait. Iran had halted nearly all commercial transport through the passageway since the start of the war by deploying explosive suicide boats, drones, and mines.
Negotiations between the U.S. and Iran have picked up in recent days, with Washington weighing a proposal to release roughly $20 billion in frozen Iranian funds in exchange for Tehran surrendering its stockpile of enriched uranium, according to Axios.
Trump hailed a major step toward peace with Iran after the regime’s leadership declared the Strait of Hormuz ‘completely open’ following Israel ’s ceasefire with Lebanon
Iran had previously insisted the strait would only fully reopen if Israel agreed to a ceasefire in Lebanon, where Tehran-backed Hezbollah is active
The Strait of Hormuz is responsible for one-fifth of all global oil supply
US-Iran peace talks have progressed as Pakistan continues to act as a middle man in negotiations
