Iran says Strait of Hormuz 'completely open' to commercial vessels as oil prices fall

TL;DR

Iran has declared the Strait of Hormuz fully open to commercial vessels.
Oil prices fell significantly following the announcement.
Donald Trump claimed Iran agreed to indefinitely suspend its nuclear program and never close the strait again.
The Islamic Revolutionary Guard Corps (IRGC) provided qualified support for the strait's reopening, indicating potential restrictions.
A 10-day truce in Lebanon entered its first full day, partially pausing fighting between Israel and Hezbollah.
Despite the truce, reports of an Israeli drone strike in southern Lebanon emerged.
The US naval blockade of Iranian ports will remain in place until a transaction with Iran is 100% complete, according to Trump.
A conference in Paris discussed an international plan to secure the Strait of Hormuz.
The conflict has resulted in thousands of deaths across Iran, Lebanon, Israel, Gulf Arab states, and among US service members.

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