Strait of Hormuz Reopens; Oil Falls, Markets Rally

0
9

US President Donald Trump and Iran Foreign Minister Abbas Araghchi announced that the Strait of Hormuz is now fully open for commercial shipping following a ceasefire linked to Lebanon.

Trump stated that while the strait is ready for full passage, the US naval blockade on Iran will remain in place until a final deal is reached. The development led to a sharp market reaction, with oil prices falling and stock markets rising.

Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: deccanchronicle.com