Overview
- Iran’s foreign minister said Friday that the Strait of Hormuz is open to all commercial ships for the length of the Israel–Lebanon ceasefire.
- Travel shares jumped on the headlines, with Royal Caribbean up about 10% and Norwegian Cruise Line up roughly 8%, while airlines also gained.
- Oil prices fell sharply, with WTI down more than 12% and Brent down about 10% to 11%, easing a major cost for ships and planes that burn large volumes of fuel.
- The reopening is conditional on the truce, and President Trump said the U.S. naval blockade remains in effect, leaving a high risk that policy or security shifts could reverse the relief.
- Independent proof of broad traffic is still thin, with only an unconfirmed post on X claiming a Greek cruise ship transited the strait Friday.