The Government of the Islamic Republic of Iran announced that the Strait of Hormuz —which provides the only maritime passage from the Persian Gulf to the open ocean and is one of the most congested and strategically important points in the world – will be open to all commercial vessels for the remaining period of the cease fire.
In turn, the Iranian Government added that this new measure is directly aligned with the ten day truce between Israel and the Lebanon to try to achieve peace in the region, after the president of the United StatesDonald trumpheld “some excellent” phone calls with the leaders of both nations in the Middle East.
Faced with this scenario, according to what was stated by the American television network cnnthe prices of oil They fell sharply and actions rebounded, as in the case of Dow Jones Industrial Averagewhich shot up 940 points and recovered almost all the accumulated losses since the beginning of the conflict with Tehran.
Given the circumstances, other stocks have experienced a strong rebound this Friday, April 17, such as those of S&P and the Nasdaqthe two most important stock indices in the United States, driven by optimism surrounding the ceasefire in the Middle East and the recent recoil in international oil prices.
Strait of Hormuz: The focus of attention
According to the British television network BBC, the Strait of Hormuz has been a focus of attention crucial for the markets global since the beginning of the conflict in Tehran, so Iran’s willingness to open this key maritime channel, even for ten days, generates a relief immediate impact on international oil prices.
“Iran announced that the Strait of Hormuz is fully open and ready for total transit,” celebrated US President Donald Trump through a publication on social networks, although he warned that the blockade of the United States Navy on ships and iranian ports It will remain in force until the negotiations are completed.
Despite this, Iran’s foreign minister, Abbas Araghchi, detailed that the commercial ships They will be able to pass through a specific route and with the permission of the Islamic Revolutionary Guarda branch of the Iranian Armed Forces, until the end of the ceasefire with the United States, which will end on Wednesday April 22.
“The Iranian government never more will close the Strait of Hormuz again. This process should be very fastgiven that most of the points have already been negotiated. “Thank you for your attention to this matter!” Trump added, after stating that none Ship has eluded US naval forces during the Iran-linked blockade.
Possible end to the war
The measure ordered by Iran represents a clear gesture of relief in the conflict with the United States and Israel, which is why it is interpreted as a signal positive towards an agreement that ends the war in the Middle East. Given this situation, the White House announced that it is likely that a second round of negotiations in Pakistan.
“Now that the Strait of Hormuz situation is over, I received a call from the NATO asking if we would need help. I told them to stay out of it, unless they just want to load their ships with oil. Were useless when I needed them!” Trump concluded, after criticizing the North Atlantic Treaty Organization.