Global Oil Markets Relieved as Iran Declares Strait of Hormuz ‘Completely Open’ Amid Lebanon Ceasefire
TEHRAN / WASHINGTON – April 17, 2026: In a stunning diplomatic breakthrough, Iranian Foreign Minister Seyed Abbas Araghchi announced today that the Strait of Hormuz is now “completely open” for all commercial vessels. The decision comes as part of a fragile 10-day ceasefire between Israel and Hezbollah that officially took effect at midnight, signaling a […]