Skip to Main ContentIran's Foreign Minister Says Strait Of Hormuz Is Open Following Israel-Lebanon CeasefireIran’s Foreign Minister Abbas Araghchi on Friday said that "the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire" after a truce between Israel and Lebanon went into effect, prompting a sharp fall in oil prices.In a post on his Truth Social platform, President Donald Trump welcomed the development. "IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!" he wrote.Trump posted a follow-up statement on social media to clarify that the U.S. military's blockade of Iranian ports remains in effect."THE NAVAL BLOCKADE WILL REMAIN IN FULL FORCE AND EFFECT AS IT PERTAINS TO IRAN, ONLY, UNTIL SUCH TIME AS OUR TRANSACTION WITH IRAN IS 100% COMPLETE," he said. "THIS PROCESS SHOULD GO VERY QUICKLY IN THAT MOST OF THE POINTS ARE ALREADY NEGOTIATED."See All UpdatesClose