Iran announced Friday that the Strait of Hormuz, a vital artery for global oil shipments, has been fully reopened to commercial traffic after months of disruption tied to the ongoing conflict with the United States.

“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, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran,” Iran’s Foreign Minister Abbas Arahgchi wrote Friday in a post on social platform X.

President Trump welcomed the development, though he made clear that U.S. naval restrictions in the region would continue despite Tehran’s announcement.

“IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU,” Trump posted on Truth Social.

In a follow-up message, Trump emphasized that American enforcement measures would remain in place until broader negotiations with Iran are finalized.

“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. THIS PROCESS SHOULD GO VERY QUICKLY IN THAT MOST OF THE POINTS ARE ALREADY NEGOTIATED,” he wrote.

The announcement comes as a 10-day ceasefire between Israel and Lebanon begins to stabilize the region, raising hopes that it could pave the way for a wider agreement involving Iran.

Markets responded positively to the news, with major U.S. indexes including the Dow Jones Industrial Average, S&P 500, and Nasdaq moving higher.

Oil prices, which had surged during the period of restricted passage, showed signs of easing. On Friday, Brent crude—the global benchmark—fell to $89 per barrel, while U.S. benchmark West Texas Intermediate declined to $81.

{Matzav.com}