WASHINGTON-(MaraviPost)-US President Donald Trump hailed the reopening of the Strait of Hormuz as a “great and brilliant day for the world” during a speech at a Turning Point USA event.
The development marks a significant shift in tensions between the US and Iran, with the two nations agreeing to a temporary ceasefire and the reopening of the vital waterway.
The Strait of Hormuz, a critical chokepoint for global oil supplies, had been closed since February, triggering a surge in energy prices and threatening the global economy.
Trump’s announcement comes after weeks of intense diplomacy, with Iran agreeing to allow commercial vessels to pass through the strait for the remainder of the ceasefire period.
Iran’s Foreign Minister Abbas Araghchi announced the reopening, stating that the decision was made in conjunction with a 10-day pause in fighting in Lebanon.
However, the US naval blockade on Iran remains in place until a permanent peace deal is struck.
Trump praised Gulf states for their support, thanking Saudi Arabia, the UAE, and Qatar for their “great bravery and help”.
He also acknowledged Pakistan’s role in mediating talks, expressing gratitude to Prime Minister Shehbaz Sharif and Field Marshal Asim Munir.
The reopening of the Strait of Hormuz has sent oil prices plunging, with the Dow surging over 1,000 points.
However, shipping companies remain cautious, with many hesitant to send tankers through the waterway until safety concerns are addressed.
Iran has insisted that vessels must coordinate with Tehran and follow specific regulations to ensure safe passage.
The US and UK have announced plans to lead multinational missions to protect shipping in the strait, with France and other European allies joining the effort.
The situation remains fluid, with both sides engaged in ongoing talks.
Trump has expressed optimism that a permanent deal is within reach, but significant hurdles remain, including Iran’s nuclear program and regional security guarantees.
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