Iran declares Strait of Hormuz ‘completely open’ as negotiators race for deal on Iran war
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Iran has declared the Strait of Hormuz 'completely open' to commercial vessels as US and Iranian negotiators prepare for talks in Pakistan. A ceasefire in Lebanon is largely holding, despite reported Israeli violations.
The US and Iran are set to hold a new round of talks in Pakistan on Monday, with negotiators expected to arrive in Islamabad on Sunday. Iran's foreign minister has announced that the Strait of Hormuz is now open to all commercial vessels. However, Iranian state media has cast uncertainty on the move, and shipping companies remain cautious. US President Donald Trump has expressed confidence that a deal ending the war is near, but key sticking points remain. A 10-day truce in Lebanon is largely holding, despite Lebanon accusing Israel of several ceasefire violations. The Strait of Hormuz is a vital trade chokepoint, and its reopening has led to market optimism, with the S&P 500 hitting its third-straight record high.
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