Hormuz Strait Opens to Commercial Traffic as Israel-Lebanon Ceasefire Holds

1 min read
Source: CNBC
Hormuz Strait Opens to Commercial Traffic as Israel-Lebanon Ceasefire Holds
Photo: CNBC
TL;DR Summary

Iran announced the Strait of Hormuz is fully open to commercial traffic for the remainder of the Israel-Lebanon ceasefire, with vessels required to follow a coordinated route. The news sent oil prices down more than 11%, amid ongoing tensions over terms of the US-Iran arrangement and disputes since the ceasefire began, while the strait has seen limited traffic during the prior period.

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