BREAKING: Trump is jubilant, oil is plunging… What we know about unblocking the Strait of Hormuz
Sources confirm that the following story has emerged from the international scene.
A diplomatic clearing is emerging in the Middle East. Iran has announced the reopening of the Strait of Hormuz to commercial ships, as part of the ongoing ceasefire with the United States. This strategic passage alone concentrates a major share (around 20%) of global oil traffic, which has been severely disrupted since the start of the war. This announcement comes as hostilities mark a pause on several fronts, notably in Lebanon. Donald Trump was particularly confident about the outcome of the discussions initiated with Tehran. “We are very close to obtaining an agreement,” he declared, estimating that there no longer existed “blocking points” between the two countries. Trump highlights a diplomatic victory The American president quickly reacted to the Iranian decision, adopting a resolutely satisfied tone. ” THANKS ! “, he wrote on Truth Social, before asserting that the Islamic Republic was committed to “never again closing” the strait, a highly strategic point for the world economy. Beyond this reaction, Donald Trump sought to promote the progress obtained in the negotiations. He notably mentioned the sensitive issue of highly enriched uranium, ensuring that an agreement had been reached on this point, without official confirmation from the Iranian side. Information now denied by Tehran which reacted on Friday. Despite this display of confidence, Donald Trump maintained a firm line by specifying that the American blockade targeting Iranian ports would remain “totally in force” as long as a global agreement was not concluded. A controlled opening and persistent differences On Tehran’s side, communication remains more measured. The Minister of Foreign Affairs, Abbas Araghchi, indicated that “the passage of all commercial ships […] is declared fully open for the remaining period of the ceasefire”, without clearly specifying which truce agreement it was referring to. The Iranian authorities also wanted to deny any external pressure. Navy chief Admiral Shahram Irani said: “We are not blocked,” adding that “every day, ships respecting the rules […] cross the strait. A way of reminding us that this reopening is, according to them, part of a controlled framework. The markets are reacting, but caution remains in order. The impact of this announcement was immediate on the energy markets. Oil prices fell sharply, with Brent falling 10.50% to $88.95 and WTI falling 11.40% to $83.90. This movement reflects a renewed optimism regarding the security of global supplies.Our file on the war in IranFor Giovanni Staunovo, analyst at ING, “the statements of the Iranian Minister of Foreign Affairs suggest a de-escalation as long as the ceasefire remains in force”. Kathleen Brooks, analyst at XTB, for her part, evokes “the hope that the war will soon end and that supply chains will return to a certain normality”. But despite this, uncertainties remain: negotiations are continuing under Pakistani mediation and, even in the event of lasting stabilization, several months could be necessary for a complete return to normal. At the same time, world stock markets experienced another session of marked increases. In Europe, Paris gained 1.97%, Frankfurt 2.27% and Milan 1.75%. London took 0.73%. In New York, the expanded S&P 500 index, a benchmark for the American market, reached a new high, at 7,126.06 points (+ 1.20%). The Nasdaq (+ 1.52%) also reached a peak for the third session in a row while the Dow Jones gained 1.79%.
Analysis and Perspective:
Experts suggest this event marks a turning point that may influence policy decisions worldwide.
The implications of this story extend beyond borders and could affect millions of people globally.
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Source: This article was originally published in another language by 20Minutes – Actu Monde and has been translated and adapted for our global English-speaking audience. Read the original article here.