Iran Reopens Strait of Hormuz to Commercial Vessels Amidst Ongoing Conflict

AI Summary

Iran's foreign minister announced that the Strait of Hormuz is fully open to commercial vessels, leading to a decrease in oil prices. However, Iran's parliamentary speaker warned that the strait could be closed again if the US blockade continues.

Iran's foreign minister, Abbas Araghchi, has announced that the Strait of Hormuz is now fully open to commercial vessels. This development has sparked hopes for an end to the conflict in the Middle East and led to a significant decrease in oil prices.

US President Donald Trump celebrated the reopening, claiming that Iran had agreed never to close the strategic waterway again. However, this claim has not been verified, and Iran's parliamentary speaker warned that the strait could be shut again if the US blockade continues.

The Islamic Revolutionary Guard Corps (IRGC) has reinforced its authority in Tehran during the war, and commercial vessels are only allowed to travel through the strait along a determined route and with the permission of the IRGC navy. The US blockade of Iranian ports and shipping remains in place, making it uncertain when normality will return.