Iran reopens the Strait of Hormuz after the Lebanon-Israel ceasefire, leading to increased tanker and cargo ship traffic.
Following the ceasefire signed between Lebanon and Israel, Iran announced the reopening of the Strait of Hormuz. Images reflected in MarineTraffic data showed that tankers carrying energy shipments and commercial cargo ships formed long queues at the entrance of the strait.
The decision that the world has been waiting for has arrived.
Following the ceasefire agreement signed between Israel and Lebanon, an important announcement was made.
Iran's Foreign Minister Abbas Arakchi announced that the Strait of Hormuz is open and that commercial ships will be allowed to pass during the ceasefire period.
THE ROUTE WILL BE DETERMINED BY IRAN
In his statement, Arakchi said, 'In line with the ceasefire in Lebanon, all commercial ships are completely allowed to pass through the Strait of Hormuz for the remaining duration of the ceasefire via the coordinated route previously announced by the Islamic Republic of Iran Ports and Maritime Organization.'
A SHARP DECLINE IN OIL PRICES
Following the decision, there was significant activity in the markets.
Since the start of the war, Brent crude oil, which has risen above 100 dollars multiple times, has fallen below 90 dollars, while gold and silver prices have increased.
Source: SeaNews Türkiye
