Iran reopens Strait of Hormuz amid ceasefire | 7NEWS

3 hours ago The News Room

Iran has declared the Strait of Hormuz fully open to commercial shipping vessels with conditions, contingent on the ceasefire between Israel and Lebanon holding. The announcement has caused oil prices to drop approximately 10% to around $82 per barrel and triggered significant gains in global stock markets. US President Donald Trump claims he can secure a comprehensive peace agreement with Iran within two days, though disputes remain over issues including Iran’s enriched uranium stockpile and the US blockade of Iranian ports.

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