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The Economic Times

Economy / The Economic Times

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Iran reopens Strait of Hormuz, but with strings attached

The Strait of Hormuz has reopened for commercial ships following a ceasefire between Israel and Lebanon. This move initially boosted oil markets. However, Iran has cautioned that the waterway could be shut again if the United States continues its naval blockade of Iranian ports. Meanwhile, US President Donald Trump stated a deal with Iran is nearing completion.

18 Apr 2026 7:35 am