Overview
- Iran’s foreign minister said Friday the strait is open to commercial ships for the rest of the ceasefire, and President Trump said the U.S. blockade of Iran‑linked port traffic will continue.
- Enforcement frictions surfaced as reports said U.S. destroyers turned back several Iranian tankers, some Iran‑linked vessels crossed blockade lines, and many ships that moved toward the chokepoint later reversed course.
- Oil prices fell roughly 9%–10% after the reopening announcement and U.S. stocks jumped to fresh records, reflecting bets on easier energy flows and lower fuel costs.
- Tehran warned it could close the passage again if the blockade persists, shipping firms sought clarity on mine risks and routing, and traffic now requires coordination with Iran’s Revolutionary Guard during a ceasefire that ends April 22.
- The Strait of Hormuz carries about one‑fifth of seaborne oil, the IEA estimates 13 million barrels per day of supply has been shut in by the conflict, and damaged Gulf energy sites could take months or years to repair.