Strait of Hormuz Reopens Conditionally

The critical maritime chokepoint has partially reopened following a U.S.-brokered ceasefire between Israel and Lebanon, sparking a global market rally and a sharp drop in oil prices.

President Donald Trump claims a comprehensive peace deal is imminent, though Iranian officials have dismissed several of his assertions as false.

Despite the reopening, shipping companies remain cautious due to potential mine threats and new Iranian transit regulations.

The U.S. maintains that its blockade will remain in full force until a final agreement regarding Iran's nuclear program is signed.