Iran Declares Strait of Hormuz Completely Open for Commercial Shipping During Ceasefire

Iran's Foreign Minister Abbas Araghchi announced that the **Strait of Hormuz** is now "completely open" for all commercial vessels during the remaining period of the Lebanon ceasefire. The declaration aligns with the truce in Lebanon and aims to restore normal maritime traffic through the critical waterway, which handles roughly one-fifth of global oil and LNG shipments.

President Donald Trump responded positively on Truth Social, acknowledging the move and stating "THANK YOU!" while noting that a broader deal with Iran could be close. However, questions remain about full freedom of passage, as Iran has emphasized that ships must follow coordinated routes set by its Ports and Maritime Organisation, and the US maintains its naval blockade on Iranian ports and vessels until a comprehensive agreement is reached.

The announcement triggered a sharp drop in crude oil prices, easing energy market tensions and supporting a risk-on sentiment in global markets. This geopolitical relief has provided short-term tailwinds for cryptocurrencies, with Bitcoin holding near recent highs around $75,000–$76,000 and Ethereum trading steadily above $2,350 amid reduced volatility expectations.

Analysts are watching closely whether this opening sustains or if renewed tensions — including any restrictions on transit or threats to close the strait again — could quickly reverse the positive momentum. For now, the news offers a welcome de-escalation signal in a region vital to global energy flows and broader macroeconomic stability.

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