Trump, Iranian official say the Strait of Hormuz is open for duration of Israel-Lebanon ceasefire
A top Iranian official says the Strait of Hormuz will be "completely open" for the duration of the ceasefire between Israel and Lebanon, a major development that enthused markets.
TL;DR
- A top Iranian official has declared the Strait of Hormuz will be "completely open".
- This openness is guaranteed for the duration of the ceasefire between Israel and Lebanon.
- The announcement has caused markets to become enthusiastic.
- The Strait of Hormuz is a strategically important waterway.