Just a few tankers are passing through the Strait of Hormuz, as the U.S. Navy blocks Iran's coast and Tehran threatens to retaliate against ships in the Gulf.

Just a few tankers are passing through the Strait of Hormuz, as the U.S. Navy blocks Iran's coast and Tehran threatens to retaliate against ships in the Gulf.

Iranian Foreign Minister Seyed Abbas Araghchi says the Strait of Hormuz is open Friday following a cease-fire in Lebanon while oil prices decline.

Brent crude sinks by a tenth after Iran says the key waterway is open for commercial ships for the rest of the ceasefire.