Iran’s Foreign Minister, Abbas Araghchi, has announced that the Strait of Hormuz has been fully reopened for commercial shipping, while traffic along previously designated maritime routes will continue during the ceasefire.
U.S. President Donald Trump has also welcomed this development and praised Iran’s decision.
It is worth noting that after the attacks by the United States and Israel, Iran had closed the Strait of Hormuz to all kinds of maritime traffic, which had caused serious concern in global markets.
The Strait of Hormuz is considered one of the world’s most important oil transit routes, so its reopening is being seen as a positive development for global trade and energy markets.
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