Iran has announced that commercial shipping through the strategically vital Strait of Hormuz will remain fully open for the duration of the current ceasefire, signalling a potential easing of tensions in one of the world’s most critical energy corridors.
Foreign Minister Abbas Araqchi said on Friday that “passage for all commercial vessels” had been declared completely open, aligning the move with the ongoing ceasefire linked to the Lebanon front. He added that vessels would continue to transit via designated routes coordinated by Iran’s Ports and Maritime Organisation of Iran.
Following the US and Israel war on Iran, Tehran imposed a blockade in the Strait of Hormuz, causing a major disruption to shipping traffic and choking off global oil supply from the region. This week, US imposed its own blockade against vessels coming from or going to Iranian ports.
Reacting to Iran Foreign Minister's statement, US President Donald Trump posted on his Truth Social: "THE STRAIT OF HORMUZ IS COMPLETELY OPEN AND READY FOR BUSINESS AND FULL PASSAGE, BUT THE NAVAL BLOCKADE WILL REMAIN IN FULL FORCE AND EFFECT AS IT PERTAINS TO IRAN, ONLY, UNTIL SUCH TIME AS OUR TRANSACTION WITH IRAN IS 100% COMPLETE. THIS PROCESS SHOULD GO VERY QUICKLY IN THAT MOST OF THE POINTS ARE ALREADY NEGOTIATED."
The announcement offers immediate reassurance to global markets, which have been on edge amid weeks of heightened tensions between Iran and the United States,.
Meanwhile, in another post on Truth Social, Trump said: "The U.S.A. will get all Nuclear “Dust,” created by our great B2 Bombers - No money will exchange hands in any way, shape, or form. This deal is in no way subject to Lebanon, either, but the USA will, separately, work with Lebanon, and deal with the Hezboolah situation in an appropriate manner. Israel will not be bombing Lebanon any longer. They are PROHIBITED from doing so by the U.S.A. Enough is enough!!!"
Market and supply chain impact
Friday’s announcement is likely to stabilise oil markets in the short term, easing concerns over supply bottlenecks. Shipping companies and insurers, which had raised premiums sharply amid the uncertainty, may begin reassessing risk levels if the ceasefire holds.
For major Asian importers such as India, China, Japan and South Korea, uninterrupted passage through Hormuz is critical to energy security. Any prolonged disruption would force costly rerouting, drawdowns from strategic reserves, or shifts to alternative suppliers.
Beyond oil, the strait is also a key transit route for liquefied natural gas (LNG), particularly from Qatar, making its stability essential for global energy and industrial supply chains.
A fragile opening
While Iran’s declaration marks a de-escalatory step, analysts caution that the situation remains fluid. The reopening is explicitly tied to the duration of the ceasefire, leaving open the possibility of renewed restrictions if hostilities resume.
For now, however, the move provides a window of relief for global markets and underscores how closely geopolitical developments in the Gulf remain intertwined with the stability of the world economy.
