Hormuz Strait Open to Commercial Shipping as Oil Dips Amid Middle East Tensions

Iran’s foreign minister says the Strait of Hormuz is now fully open to commercial vessels, sparking a drop in oil prices and raising hopes for a de-escalation, though Washington maintains sanctions and cautions about a rapid return to normal traffic. The report also covers mixed political signals from the US and Iran, a fragile Lebanon ceasefire with Israel-Hezbollah, and ongoing regional hostilities that could affect shipping and security in the Gulf.