A day after U.S. President Donald Trump announced a 10-day ceasefire between Israel and Hezbollah in Lebanon, Iran said on Friday (April 17, 2026) the Strait of Hormuz is “completely open” for commercial vessels for the remainder of the two-week U.S.-Iran truce. Mr. Trump “thanked” Iran for reopening the critical waterway but said the U.S. blockade of Iranian ports would continue until there is a deal between Tehran and Washington.

Oil prices fell on Friday (April 17, 2026) after the strait was declared open.