Iran announced on Friday the full reopening of the Strait of Hormuz to commercial ship traffic during the ceasefire period between Israel and Lebanon, a move that could ease the intensity of global energy market disruptions.

In a social media post, Iranian Foreign Minister Abbas Araghchi stated: "In line with the ceasefire in Lebanon, the passage of all commercial vessels through the Strait of Hormuz has been declared fully open for the remainder of the truce." He added that ships are required to transit via a "coordinated route" announced by Iranian maritime authorities.

Israel and Lebanon had agreed on Thursday to a 10-day truce that began at 5:00 PM ET. The Israeli military campaign in Lebanon against Hezbollah, a close ally of Iran, had constituted one of the most prominent obstacles in the negotiations between Washington and Tehran.

For his part, U.S. President Donald Trump thanked Iran for reopening the Strait in a social media post, but emphasized simultaneously that the naval blockade imposed by the United States on Iranian ports will remain in place until a deal is reached with Tehran.

Oil prices plummeted by more than 10% to below $90 per barrel as concerns over supply disruptions receded. Approximately one-fifth of global crude oil supplies passed through the Strait before the outbreak of the war; the closure of this maritime corridor, which links the Arabian Gulf to global energy markets, had led to the largest disruption of oil supplies in history.

On April 7, Trump had agreed to a two-week truce in exchange for Irans full opening of the Strait. However, the Speaker of the Iranian Parliament, Mohammad Bagher Ghalibaf, accused the United States of violating the agreement by allowing Israel to continue its military operations in Lebanon.

During the ceasefire period between the United States and Iran, the Strait remained almost entirely closed amid disagreements between the two sides over the terms of the agreement, with only a limited number of commercial vessels crossing daily.

In a related context, negotiations held last weekend in Pakistan between U.S. Vice President JD Vance and Ghalibaf did not yield a permanent agreement to end the war between Washington and Tehran. Trump stated that negotiators from both sides might meet again over the weekend in Pakistan for a second round of talks.