Strait Of Hormuz To Reopen Following U.S.-Iran Ceasefire
6 weeks ago
By: Dianté Marigny
President Donald Trump has called off what he described as a major attack on Iran—at least for now—after agreeing to a two-week ceasefire with Tehran. The deal came less than two hours before Trump’s deadline for Iran to reopen the Strait of Hormuz or face what he had warned would be the destruction of, in his words, “a whole civilization.”
Iranian state TV reported that Trump had accepted Iran’s terms for ending the conflict. In a Truth Social post, the president said the agreement is contingent on Iran’s “complete, immediate, and safe opening of the Strait of Hormuz.” He also noted that Iran submitted a 10-point plan, which he described as a “workable basis on which to negotiate.”
The announcement sent crude oil futures tumbling more than 10 percent. The Strait, which handles roughly one-fifth of the world’s oil shipments, had been closed by Iran in response to U.S. and Israeli strikes, spiking global oil prices and raising fears of a worldwide economic slowdown.
Minutes after the post, Iran’s Foreign Minister Abbas Araqchi confirmed the Strait would reopen, coordinated with Iranian armed forces. Two White House officials said Israel also agreed to the two-week ceasefire and to suspend its own bombing campaign. Talks mediated by Pakistan are set to begin Friday in Islamabad.
President Donald Trump has called off what he described as a major attack on Iran—at least for now—after agreeing to a two-week ceasefire with Tehran. The deal came less than two hours before Trump’s deadline for Iran to reopen the Strait of Hormuz or face what he had warned would be the destruction of, in his words, “a whole civilization.”
Iranian state TV reported that Trump had accepted Iran’s terms for ending the conflict. In a Truth Social post, the president said the agreement is contingent on Iran’s “complete, immediate, and safe opening of the Strait of Hormuz.” He also noted that Iran submitted a 10-point plan, which he described as a “workable basis on which to negotiate.”
The announcement sent crude oil futures tumbling more than 10 percent. The Strait, which handles roughly one-fifth of the world’s oil shipments, had been closed by Iran in response to U.S. and Israeli strikes, spiking global oil prices and raising fears of a worldwide economic slowdown.
Minutes after the post, Iran’s Foreign Minister Abbas Araqchi confirmed the Strait would reopen, coordinated with Iranian armed forces. Two White House officials said Israel also agreed to the two-week ceasefire and to suspend its own bombing campaign. Talks mediated by Pakistan are set to begin Friday in Islamabad.
