Iran reopens vital Hormuz Strait

The global energy crisis reached a potential turning point as Tehran announced the unconditional reopening of the Strait of Hormuz for commercial vessels.

This move coincides with a fragile 10-day truce between Israel and Hezbollah, which many analysts view as a prerequisite for broader regional stability.

While global oil prices plummeted by over 10% on the news, maritime insurers and shipping giants remain cautious regarding the presence of sea mines and Iranian regulatory oversight.

President Trump has signaled optimism for a final peace settlement this weekend but insists the U.S. blockade will continue to throttle Iranian exports until all enriched uranium is surrendered.