Iran has declared the Strait of Hormuz fully open to commercial shipping during a ceasefire period linked to the Israel-Lebanon conflict, easing tensions in one of the world’s most critical energy transit routes.

Iranian Foreign Minister Abbas Araghchi stated that all commercial vessels will be allowed to pass through the strait, though under a “coordinated route” system designated by Iranian maritime authorities, The Caspian Post reports via foreign media.

#BREAKING: Iran's Foreign Minister announces that the Strait of Hormuz has officially re-opened following the U.S. naval blockade in the region. pic.twitter.com/tveIeS8nAp

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The decision is part of a broader ceasefire arrangement involving Israel and Lebanon, which includes a temporary halt in hostilities and adjustments to regional maritime movement. The reopening is expected to remain in effect for the duration of the ceasefire.

Following the announcement, global oil prices reportedly fell by more than 11%, reflecting the market’s sensitivity to developments in the Strait of Hormuz - a key chokepoint for global energy supplies.

The waterway, which connects the Persian Gulf to international shipping routes, handles a significant share of the world’s oil exports and remains one of the most strategically important maritime corridors in global trade.

Officials noted that earlier tensions arose due to differing interpretations of ceasefire conditions between Washington and Tehran, which had contributed to delays in restoring normal shipping operations.

U.S. President Donald Trump reportedly welcomed the reopening in a social media post, as global markets reacted to the easing of geopolitical risks in the region.