Overview
- Iran’s foreign minister said Friday the Strait of Hormuz is “completely open” for commercial ships for the rest of the ceasefire using set lanes, though state-linked outlets warned Tehran could shut it again if the U.S. blockade continues.
- President Trump said the naval blockade of Iranian ports will stay “in full force” until a total agreement and he said talks are “very close,” adding the truce that ends Wednesday might not be extended without a deal.
- A 10‑day halt in fighting between Israel and Lebanon, announced Thursday, is helping hold the wider lull as Pakistan shuttles between capitals to line up another round of U.S.–Iran talks in Islamabad.
- Oil prices fell after the reopening news, with Brent slipping below $90 on Friday, and Iraq moved to restart southern exports as tankers prepared to transit the Gulf again.
- Key gaps still block a pact over Iran’s enriched uranium stockpile, sanctions relief, and how long nuclear limits would last, while European leaders discuss a neutral navigation mission once conditions allow.