Iran War Live Updates: Tehran Declares Strait ‘Open’ After Lebanon Truce, but Trump Says U.S. Blockade on Iran Continues
Iran declared the Strait of Hormuz 'open' for commercial ships after a Lebanon ceasefire, but the US said its blockade on Iranian ports would continue. Oil prices dropped following the announcement, with Brent crude falling over 10% to below $90 a barrel.
Iran's foreign minister announced the Strait of Hormuz is 'completely open' for commercial ships after a Lebanon ceasefire. However, President Trump stated that the US blockade on Iranian ports will remain in place until a 'complete' peace deal is reached. Oil prices dropped significantly following the announcement, with Brent crude falling over 10% to below $90 a barrel. The US and Iran had been in conflict, with Iran threatening to retaliate against shipping in the Middle East if the blockade continued. The Strait of Hormuz is a critical waterway for global oil and gas exports. The situation remains uncertain, with the US blockade's future enforcement unclear.
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