Iran Declares Strait of Hormuz ‘Open’ After Lebanon Deal, but Trump Says U.S. Blockade Continues: Live Updates (opens in new tab)

The Strait of Hormuz is open for all commercial ships after the agreement of a cease-fire in Lebanon, Iran and the U.S. said, sending global oil prices dropping. But President Trump said a U.S. blockade of Iran would remain in place until a peace deal is complete. It’s unclear to what extent the U.S. will continue to enforce its blockade on ships from Iranian ports, and what that would mean for shipping in the strait. Still, the statements that the waterway is now open raised hopes among tank...