U.S. President Donald Trump and Iran’s foreign minister said Friday that the Strait of Hormuz is now fully open to commercial vessels, as a 10-day truce in Lebanon appeared to hold.

The truce offered a pause in fighting between Israel and Hezbollah and could clear one major obstacle to a deal between Iran and the United States and Israel to end weeks of devastating war. But it remained unclear whether whether the terrorist group would recognize a deal it did not play a role in negotiating and which will leave Israeli troops occupying a stretch of southern Lebanon.

In a social media post, Trump said Iran announced that the strait “is fully open and ready for full passage.”

Minutes earlier, Iranian Foreign Minister Abbas Araghchi posted on X that the passage for all commercial vessels through the strait “is declared completely open” in line with the ceasefire in Lebanon. He said it would stay open for the remaining period of the ceasefire.

President Trump clarified that the US blockade on the Strait of Hormuz will continue despite Iran allowing free passage through the crucial waterway.

Oil prices have fallen by more than 10% since the announcement, and Wall Street is rallying toward another record. The S&P 500 rallied 0.7% as U.S. stocks sprinted toward the finish of a third straight week of big gains. The Dow Jones Industrial Average rose 1%, and the Nasdaq composite added 1%. Stocks have rallied more than 11% since late March on hopes that the United States and Iran can avoid a worst-case scenario for the global economy.

(YWN World Headquarters – NYC)