Iran has reopened the Strait of Hormuz to all commercial shipping until the ceasefire ends next week. This was announced by the Foreign Minister, Abbas Araghchi.
“In line with the ceasefire in Lebanon, the passage for all commercial vessels through the Strait of Hormuz is declared fully open for the remaining period of the ceasefire, on the coordinated route as already announced by the Ports and Maritime Organization of the Islamic Republic of Iran,” he wrote on X.
Trump: “Iran has agreed to never close Hormuz again”
«Iran has agreed never to close the Strait of Hormuz again. It will no longer be used as a weapon against the world.” Donald Trump said it on his social network Truth.
Trump: “Hormuz open, but our blockade remains in force”
«Iran has just announced that the Iran Strait is fully open and ready for full transit. Thank you”. Donald Trump said it on his social network Truth.
«The Strait of Hormuz is fully open, operational and ready for full transit. However, the naval blockade will remain fully in force and effective – underlines the US president – exclusively towards Iran, until our transaction with Iran is 100% completed”.
Oil: price nosedive after reopening of the Strait of Hormuz
Oil prices nosedive after Iran reopens the Strait of Hormuz to all commercial shipping until a ceasefire in Lebanon expires next week. WTI prices fell by 11.68% to 83.80 dollars a barrel, while Brent prices lost 10.65% to 88.95 dollars.
The Milan Stock Exchange jumps after the opening of Hormuz: (+1.6%)
Piazza Affari jumps after the announcement of the reopening of the Strait of Hormuz, announced on Truth social by American President Donald Trump. The Ftse Mib index rises +1.6% to 48,786. The price list is driven by the credit sector with Mediobanca, the best among the blue chips, rising by 5.19%, MPS +4.42%. Banca Mps and Mediobanca lead the increases after the twist at the meeting of the Siena institute, which saw Luigi Lovaglio, ousted from the board a few weeks earlier, return to the helm after the shareholders’ vote. Unicredit +3.54%, Intesa Sp +2.57%, Banco Bpm +3.37%. Oil prices fell, with Eni -6.2%, Saipem -5.03%, Tenaris -2.81%.