June 30, 2026
Iran: Strait of Hormuz is now open; oil prices quickly fall
• Iran's foreign minister says the Strait of Hormuz is "completely open" to commercial ships for the remainder of the ceasefire
• "THANK YOU!" Donald Trump posts on Truth Social - moments later, he says the US naval blockade of Iranian ports will continue until a peace deal is agreed
• Oil prices drop after Iran's announcement - why does the strait matter so much?
• Earlier, a 10-day ceasefire between Israel and Lebanon began, with celebrations and fireworks in Beirut - here's what we know about the truce
• More than 2,000 people in Lebanon have been killed in the six-week conflict, with one in five people displaced; Israel says two of its civilians and 13 soldiers have been killed
Story Date: April 17, 2026
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