Iran has announced the reopening of the Strait of Hormuz to commercial traffic after weeks of disruption that unsettled global energy markets.
Abbas Araghchi disclosed the development in a post on X on Friday, just hours after a ceasefire between Israel and Lebanon came into effect.
However, he noted that vessels must pass through a “coordinated route” designated by Iranian maritime authorities, adding that the arrangement would only last for the duration of the ceasefire.
Reacting to the development, Donald Trump wrote “THANK YOU!” in a post on Truth Social.
The reopening follows tensions that led Iran to effectively shut the key shipping corridor in response to US-Israeli strikes, prompting the US to impose a naval blockade earlier in the week.
The United States Central Command had said on Wednesday that the blockade was “fully implemented,” with Trump stating it would remain until ongoing negotiations with Iran are concluded.
Meanwhile, global oil markets reacted swiftly to the news, with Brent crude prices dropping below $90 per barrel after earlier trading above $98, reflecting easing supply concerns.
The Strait of Hormuz is a critical global oil route, and its reopening is expected to ease pressure on international energy markets that have been rattled by the conflict.
However, Iran made it clear that the pause in hostilities does not signal a full resolution. The country’s Supreme National Security Council stated that a permanent end to the war depends on the United States accepting conditions outlined in its proposed 10-point plan.
“It is emphasised that this (ceasefire agreement) does not mean the end of the war, and Iran will only accept the end of the war when, in addition to accepting the principles outlined in the 10-point plan, the details are finalised in negotiations,” the council said.
As part of the diplomatic process, talks between Iran and the US are expected to take place in Islamabad, with Pakistan playing a mediating role.
In a statement, Donald Trump confirmed he agreed to suspend military operations after discussions with Pakistan’s leadership, including Prime Minister Shehbaz Sharif.
“Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir… and subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks,” Trump wrote.
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