Iran Opens Strait of Hormuz During Israel-Lebanon Ceasefire, Oil Prices Drop Sharply

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Strategic waterway reopens under strict routing rules as geopolitical tensions continue between Washington and Tehran

Iran announced Friday that the Strait of Hormuz is fully open to commercial shipping for the duration of a 10-day ceasefire between Israel and Lebanon, easing concerns over global energy supply disruptions.

Foreign Minister Seyed Abbas Araghchi said vessels are permitted to pass through the critical waterway but must follow a “coordinated route” designated by Iran’s maritime authorities. The move comes as part of broader regional de-escalation efforts tied to the temporary ceasefire.

Despite the reopening, U.S. President Donald Trump confirmed that Washington’s naval blockade on Iranian ports will remain in place until a formal agreement is reached with Tehran.

The announcement had an immediate impact on global markets, with oil prices falling more than 11% amid expectations of restored supply flows through one of the world’s most vital النفط corridors.

The ceasefire between Israel and Lebanon, which began Thursday, follows weeks of conflict involving Hezbollah, a group backed by Iran. The situation remains fragile, with tensions between the United States and Iran unresolved after recent negotiations involving Vice President JD Vance and Iranian parliamentary speaker Mohammad Bagher Ghalibaf failed to yield a lasting agreement.

Further talks between U.S. and Iranian officials are expected to take place in Pakistan, signaling ongoing diplomatic efforts to stabilize the region.

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