Iran announced on Friday that the Strait of Hormuz will remain “fully open” to merchant shipping until the ceasefire with the United States expires next Wednesday. The decision, linked to the start of the 10-day truce between Israel and Lebanon announced by Trump on Thursday, triggered an immediate drop in oil prices of nearly 10% and strong relief across global markets.
Iran declares Hormuz “fully open” until ceasefire ends; Trump insists on keeping Iranian port blockade
Source: Mercopress
Read Full Story →
