‘Ready for business’: Oil prices plunge on confirmation Strait of Hormuz open for commercial traffic
U.S. stock market explodes, up more than 2% following announcement

The blockage to energy supplies through the Persian Gulf appears to have ended. If it holds, it takes a massive weight off the world economy.Why it matters: The possibility of a prolonged disruption to the supply of crude oil, liquefied natural gas, fertilizer and other commodities looks to be off the table.The Trump administration's strategic move from…
U.S. stock market explodes, up more than 2% following announcement
But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
At least eight oil tankers raced toward the Strait of Hormuz in the hours after Iran’s foreign minister said the vital waterway was fully open to shipping.
Iran announced that the critical global shipping lane known as the Strait of Hormuz is “completely” open after being mostly closed since the war between the U.S. and Iran broke out earlier this year. “In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period…
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Peace between Iran and the United States has seemingly taken a step forward as Iran has moved to reopen traffic on the Strait of Hormuz. The post NEW: Iran Caves, Declares Strait of Hormuz “Completely Open” for All Commercial Ships – Trump Responds appeared first on The Gateway Pundit.