Iran Announces Full Reopening of the Strait of Hormuz; Trump Welcomes It but Issues Warning – La Nación | 17/04/26

Iran announced the full reopening of the Strait of Hormuz to commercial vessel traffic during the ceasefire period, as confirmed by Foreign Minister Abbas Araghchi, in a context of regional truce agreements, representing a sign of de-escalation after more than a month of blockade in one of the world’s key energy trade routes. The move was welcomed by U.S. President Donald Trump, who confirmed the reopening but warned that the U.S. naval blockade on Iranian ships and ports will remain in place until a final agreement with Tehran is reached. The announcement had an immediate impact on global markets, with an approximately 10% drop in oil prices, falling from above $90 to around $86 per barrel, while major U.S. stock indices rose on expectations of de-escalation. Additionally, the context suggests progress toward a new round of negotiations, possibly in Pakistan, reinforcing expectations of a potential agreement, in a scenario where oil prices had risen by more than 50% since the start of the strait’s blockade. Link to Article