Iran Opens Hormuz Following Lebanon Truce in Boost for Peace (2)

Iran said it would open the Strait of Hormuz for the duration of a 10-day ceasefire between Israel and Hezbollah in Lebanon, increasing the prospect of an agreement to end the wider war in the Middle East.

The critical waterway for global energy supplies, which has been effectively shut since the US and Israel started bombing Iran at the end of February, is now “completely open” for commercial shipping, Iran’s Foreign Minister Abbas Araghchi posted on X on Friday. The move is “in line” with the Lebanon truce, he said.

Oil prices plunged on the announcement, with global benchmark Brent ...