Hormuz passage 'completely open' for rest of ceasefire: Iran FM

Tehran- Iran's Foreign Minister Abbas Araghchi said on Friday that the strategic Strait of Hormuz, vital for the global oil trade, will remain 'completely open' as long as a ceasefire in the Middle East lasts.
'The passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,' Araghchi said on X.
It was not clear whether he was speaking of the 10-day truce agreed by Lebanon and Israel that went into effect at midnight or an earlier two-week truce between Iran and the United States that began on April 8.
US President Donald Trump on Friday welcomed Iran's announcement that the crucial Strait of Hormuz will be open to shipping for the duration of a ceasefire.'THANK YOU!' Trump wrote on his Truth Social platform, saying that Iran had announced the narrow waterway was 'FULLY OPEN AND READY FOR FULL PASSAGE.'
 Oil prices plunged Friday after Iran's Foreign Minister Abbas Araghchi said the vital Strait of Hormuz was 'completely open' for commercial tankers and cargo ships during the US-Iran ceasefire.
International benchmark Brent North Sea crude plunged 10 percent to $89.11 a barrel, after earlier falling five percent on US-Iran peace deal hopes.
The main US contract, West Texas Intermediate, shed 11 percent to $84.11 a barrel.