Strait of Hormuz is fully open, Trump and Iranian foreign minister say
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US President Donald Trump and Iran's foreign minister announced that the Strait of Hormuz is fully open to commercial vessels. The strait is a critical waterway for global oil and gas exports.
The Strait of Hormuz, a vital waterway connecting the Persian Gulf to the Gulf of Oman, has been declared fully open to commercial vessels by US President Donald Trump and Iran's foreign minister, Abbas Araghchi. The strait is a crucial trade route, with around 20% of the world's traded crude oil and a similar share of natural gas passing through it. Any disruption to the strait can have significant impacts on global oil prices and the world economy. The announcement was made through social media posts by Trump and Araghchi. The strait lies between Iran and Arab Gulf states, including key US allies, and is deep enough for supertankers. Its importance extends beyond oil, as fertilizers and their components are also exported globally from the Persian Gulf.
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