The Strait of Hormuz is open for commercial vessels for the remainder of a 10-day truce between Israel and Hezbollah, said Iran.
Oil plunges by over 10%, stocks jumps as Iran declares Hormuz open
"This is the biggest development so far during the ceasefire, and it gives hope that the war will end soon, and supply chains will return to some normality," said an analyst.
More than a dozen countries offer to play role in Hormuz mission
France and Britain chaired a video conference on ensuring freedom of navigation in the Strait of Hormuz.
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