Oil prices plunge as Iran declares Strait of Hormuz 'completely open'

Daily Mail Daily Mail

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.

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