"THE STRAIT OF HORMUZ IS COMPLETELY OPEN AND READY FOR BUSINESS AND FULL PASSAGE, BUT THE NAVAL BLOCKADE WILL REMAIN IN FULL FORCE AND EFFECT AS IT PERTAINS TO IRAN, ONLY, UNTIL SUCH TIME AS OUR TRANSACTION WITH IRAN IS 100% COMPLETE."
"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."
"Araghchi's announcement caused oil prices to drop by 13 percent, though they still remained above their pre-war prices."
President Trump confirmed the U.S. naval blockade on Iranian ships will remain in effect despite Iran's announcement that the Strait of Hormuz is open for commercial vessels. Iranian Foreign Minister Seyed Abbas Araghchi stated the strait is open due to a ceasefire agreement between Israel and Lebanon. Trump emphasized that the blockade will persist until the U.S. transaction with Iran is fully completed, indicating a desire for a deal to end the ongoing conflict. Following Araghchi's announcement, oil prices dropped significantly but remained above pre-war levels.
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