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Trump says Strait of Hormuz to reopen after Friday signing

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U.S. President Donald Trump announced on his Truth Social platform that the Strait of Hormuz will be opened following the formal signing of an agreement with Iran on Friday. This development is expected to facilitate the resumption of oil flow for the region and the world.
  • Iran's Tasnim news agency corroborated this, citing unnamed sources. An agreement on a deal with Iran was previously announced by Trump and mediator Pakistan. Initially, Trump indicated an immediate opening of the strait with no toll and ordered the lifting of the U.S. naval blockade of Iranian ports. The Strait of Hormuz is a crucial global shipping route for oil and gas.
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