Great relief news has come out regarding the Strait of Hormuz, where Iran has announced that during the ceasefire, this important strait will remain completely open and all commercial ships will be allowed to pass through safe and prescribed routes. Iran’s Ports & Maritime Organization has decided on this coordinated route, which has provided major support to global oil supply and is expected to stabilize prices in the international market. The information about this decision was shared by Abbas Araghchi on X, while Donald Trump also confirmed it and said that the “Strait is fully open”. Amidst the increasing tension in the Middle East, this step is being considered a relief for global trade and especially for oil importing countries like India, although the situation may change again after the ceasefire ends.
