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Iran Says Hormuz Is Open as U.S. Keeps Blockade in Place

The announcement jolted energy markets with a sharp drop in oil prices.

Overview

  • Iran declared Friday that the Strait of Hormuz is open to all commercial ships for the rest of the ceasefire on a route coordinated with its ports agency.
  • President Trump said the U.S. naval blockade targeting vessels linked to Iranian ports remains in force until a deal with Tehran is 100% complete.
  • Oil prices fell about 10% and global stocks rallied after the reopening claim, but shipowners still want mine-clearance and safety guarantees before sending crews back through.
  • Maritime tracker Kpler reported three Iranian crude tankers exited the Gulf via Hormuz after loading at Kharg Island, showing some traffic has resumed.
  • Talks mediated by Pakistan continue with major gaps over Iran’s enriched uranium and sanctions relief, and Iranian and U.S. signals point to disputed ground rules for passage and control.