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Iran says it will allow the passage of “all commercial vessels through Strait of Hormuz” during the ceasefire between Israel and Lebanon.
Oil prices plunged on the news.
Iran on Friday declared the Strait of Hormuz completely open to commercial traffic during the ceasefire between Israel and Lebanon.
“In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” Foreign Minister Seyed Abbas Araghchi said in a social media post. However, vessels must transit through a “coordinated route” announced by Iran’s maritime authorities, Araghchi said.
Oil prices plunged more
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