Strait of Hormuz Reopens 'Oil Falls, Markets Rally'
Sat 18 Apr 2026, 10:52:06
US President Donald Trump and Iran Foreign Minister Abbas Araghchi announced that the Strait of Hormuz is now fully open for commercial shipping following a ceasefire linked to Lebanon.
Trump stated that while the
strait is ready for full passage, the US naval blockade on Iran will remain in place until a final deal is reached.
strait is ready for full passage, the US naval blockade on Iran will remain in place until a final deal is reached.
The development led to a sharp market reaction, with oil prices falling and stock markets rising.
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