🔴 Middle East: Iran authorizes the reopening of the Strait of Hormuz
In an official statement reported by the BBC and also relayed on Tuesday by Donald Trump on his social media, Iran’s Foreign Minister announced an agreement regarding the reopening of the Strait of Hormuz.
“I declare, on behalf of Iran’s Supreme National Security Council, that for a period of two weeks, safe passage through the Strait of Hormuz will be possible, in coordination with Iranian armed forces and with due consideration of technical limitations,” the top diplomat stated.
According to Tehran, this decision follows mediation efforts by Pakistan and a request from the United States to begin negotiations based on mutual proposals.
Earlier the same day, Donald Trump had announced a two-week bilateral ceasefire, including the reopening of the Strait of Hormuz.
Looks like it might be time to sell oil now.