Strait of Hormuz Crisis - Iran Threatens to Stop Gulf Oil Shipments
Strait of Hormuz Reopens as US, Iran Confirm Two‑Week Ceasefire
The Strait of Hormuz, a critical global oil transit route, has reopened following a two‑week conditional ceasefire between the United States and Iran, confirmed by both countries on Wednesday. The temporary truce comes after escalating tensions in the region and is expected to ease pressure on global energy markets.
Iranian Foreign Minister Abbas Araghchi stated that safe passage through the strait will be allowed for the next 14 days, coordinated with Iran’s armed forces and subject to technical considerations. The reopening follows US President Donald Trump’s warning that Iran’s energy infrastructure, including bridges, would face attacks if Tehran failed to comply.
The ceasefire agreement, described by Trump as a “double-sided ceasefire”, also involves Israel, which has agreed to suspend related military operations during the two-week period. Pakistan, which mediated talks between Washington and Tehran, confirmed that an immediate ceasefire is in effect and invited delegations from both countries to Islamabad for further negotiations toward a comprehensive settlement.
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Trump emphasized that Iran’s 10-point proposal provides a workable basis for negotiations, with reports indicating that it includes provisions for lifting sanctions. He hailed the temporary truce as a diplomatic victory for the United States, while Iranian officials portrayed the deal as a major step toward stabilizing the region.
The reopening of the Strait of Hormuz is a significant relief for the global oil market, which had been affected by disruptions due to earlier attacks in the region. The strait handles around 20% of global petroleum trade, and its closure had caused spikes in crude prices. Following the ceasefire announcement, Brent crude and US West Texas Intermediate benchmarks fell sharply.
Despite the truce, experts caution that underlying conflicts, including nuclear and regional security issues, remain unresolved. The ceasefire offers a window for diplomatic engagement, though long-term stability will depend on successful negotiations and continued adherence to the agreement by all parties.
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