Iran has announced that the Strait of Hormuz is now completely open for commercial vessels following the ceasefire in Lebanon.
The announcement was made by Iranian Foreign Minister Abbas Araghchi, who said that ships can move through the important route without restrictions during the ceasefire period.
The Strait of Hormuz is one of the world’s most important trade routes because a large amount of global oil and gas passes through it every day.
Any disruption in this region usually affects international energy prices and financial markets.
The reopening of the passage is being seen as positive news for global trade.
Shipping companies and oil traders were worried about possible disruptions due to tensions in the Middle East. With the route now declared open, there may be more stability in energy supply and shipping activity.
The decision also reflects improving diplomatic conditions after the ceasefire in Lebanon.
However, global markets will continue to monitor the region closely because political tensions can still change quickly.
If the route remains open, it could help reduce pressure on oil prices and support smoother international trade in the coming weeks.