BEIRUT — U.S. President Donald Trump and Iran’s foreign minister said Friday that the Strait of Hormuz is now fully open to commercial vessels. Iran’s Foreign Minister Abbas Araghchi posted on X that the strait “is declared completely open” in line with the ceasefire in Lebanon and would remain open for the remaining period of the ceasefire. Trump affirmed the strait is “ready for full passage” in a social media post minutes later.
In a subsequent post, Trump said the U.S. naval blockade on Iranian ships and ports “will remain in full force” until a deal is reached to end the war.
The development followed the announcement of a 10-day ceasefire, which was agreed upon by Lebanon and Israel and appeared to be holding on Friday, potentially boosting efforts to extend a truce between Iran, the United States and Israel.
It was unclear whether a lasting deal would be reached between the U.S. and Iran before the ceasefire ends next week, but the pause in fighting between Israel and Hezbollah could be an indication that some progress has been made.
The fighting has killed at least 3,000 people in Iran, more than 2,100 in Lebanon, 23 in Israel and more than a dozen in Gulf Arab states. Thirteen U.S. service members have also been killed.
Here is the latest:
Oil tumbles 10% and the Dow soars more than 1,000 points
Oil prices fell by 10%, and the Dow Jones Industrial Average soared 1,020 points after Iran said the Strait of Hormuz is fully open, which would allow oil tankers to exit the Persian Gulf again and carry crude to customers worldwide.
The S&P 500 jumped 1.3% in morning trading Friday as U.S. stocks race toward the finish of a third straight week of big gains. The Nasdaq composite climbed 1.5%. Stocks have rallied 12% since late March on hopes that the United States and Iran can avoid a worst-case scenario for the global economy.
WATCH: ICE picks up alleged gang member from Mecklenburg County after deadly shooting
©2026 Cox Media Group
/cloudfront-us-east-1.images.arcpublishing.com/cmg/LH3JSJEF3VBLRJLJQESEAG34AM.png)
