Iran has announced that the Strait of Hormuz is now "completely open" for commercial shipping. This declaration follows a period of heightened tensions in the critical global waterway.
Following Iran's statement, global oil prices experienced a significant decline, dropping by 9%. Concurrently, Wall Street saw a strong rally, with stock markets reaching record highs.
President Donald Trump commented on the situation, stating that Iran has agreed to nearly all of his administration's demands. This is a developing story and will be updated as details emerge.
