"The Strait of Hormuz, which leads to the Persian Gulf and was the conduit for 20 percent of global oil and liquefied natural gas shipments before the war began on February 28, will be 'completely open' for the duration of the Israel-Lebanon truce, Iranian Foreign Minister Abbas Araqchi said in a social media post on April 17."
"Oil prices dropped and stock prices rose on world markets following the announcement. The US-brokered 10-day cease-fire Israel-Lebanon took effect on April 16 and can be extended by mutual agreement."
"Iran has repeatedly said that an end to Israeli attacks on Lebanon, where Israel has been targeting Iran-backed Hezbollah sites since March 2, was a requirement for its own peace negotiations with the United States."
""IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE," he wrote in a reference to Hormuz. "THANK YOU!""
Iran announced the reopening of the Strait of Hormuz for commercial shipping during a 10-day cease-fire between Israel and Lebanon. This strait, crucial for global oil and gas shipments, had been closed due to Iranian military actions. Following the announcement, oil prices fell and stock prices rose. The cease-fire, effective from April 16, can be extended. Iran insists that an end to Israeli attacks on Lebanon is necessary for peace negotiations with the US. President Trump expressed gratitude for the reopening of the strait.
Read at RadioFreeEurope/RadioLiberty
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