Iran says the Strait of Hormuz is now “completely open” for commercial shipping for the remainder of the ceasefire, in a move aimed at easing tensions and stabilizing global energy flows.
The announcement was made by Iranian Foreign Minister Abbas Araqchi, who said all commercial vessels would be allowed to transit through the strategic waterway.
Open, but not unrestricted
Despite the declaration, access is far from a full return to normal operations.
Iran has made it clear that ships must pass through designated routes approved by its maritime authorities and coordinate with security forces, including the Islamic Revolutionary Guard Corps.
Military vessels are excluded from transit, and shipping movements remain under Iranian oversight, raising questions about freedom of navigation in one of the world’s most critical trade corridors.
Markets react swiftly
The reopening has had an immediate effect on global markets.
Oil prices dropped sharply as traders anticipated improved supply flows, while stock markets rallied on renewed optimism that the crisis could ease.
The strait typically handles around one-fifth of global oil shipments, making any disruption or reopening highly consequential for the global economy.
Ceasefire context
The move is tied to a broader, fragile ceasefire linked to regional tensions, including conflict involving Iran-aligned groups in Lebanon.
However, the situation remains complicated by the continued U.S. naval pressure on Iran, including measures targeting Iranian ports, which are still in effect despite the partial reopening of the waterway.
Cautious outlook
While Iran’s announcement signals a step toward de-escalation, analysts warn that the reopening is conditional and could be reversed if tensions rise again.
Shipping companies and insurers are expected to remain cautious until there is clearer evidence of sustained stability and consistent, unrestricted passage through the strait.
For now, the waterway is open in principle, but still tightly managed in practice.
