The “Strait of Iran” is Open

Trump announced that the “Strait of Iran” is fully open after the Iranian foreign minister said the Strait of Hormuz was open for commercial vessels.

The “Strait of Iran” is crazy.Oman and UAE are probably pissed right now.

— Angry (@angrystaffer.bsky.social) 2026-04-17T13:24:40.818Z

Iran says vessels must run through a coordinated route, and the opening of the strait will run through a 10-day ceasefire between Lebanon and Israel reached on Thursday.

It’s not clear whether Iran will be charging tolls, or whether ships will trust the announcement after being threatened and attacked.

Iran’s Foreign Minister Seyed Abbas Araghchi says the Strait of Hormuz is open amid the Lebanon ceasefire, with all commercial vessels allowed to transit via Iran’s coordinated route designated by its Ports & Maritime Organization. pic.twitter.com/FQZN9pEqYJ

— MeidasTouch (@MeidasTouch) April 17, 2026

Fully Open?

Trump also says that the blockade of Iran’s ports remains in effect until an agreement is reached with Iran.

Almost immediately on the announcement, markets rose and oil plunged.

This could accelerate sending fuel prices lower starting this weekend with the national average likely falling below $4/gal to perhaps $3.65-$3.85 with diesel falling to $4.85-$5.15/gal in 3-4 weeks and could continue for a couple weeks barring any re-escalation https://t.co/Sr8a0hNXZk

— Patrick De Haan (@GasBuddyGuy) April 17, 2026

Peace, but only during trading hours

— Molly Jong-Fast (@mollyjongfast.bsky.social) 2026-04-17T13:56:25.786Z

Congrats on “opening” a strait that was open six weeks ago, and all it cost was at least 13 dead service members, thousands of dead Iranian civilians, tens of billions in taxpayer dollars, our loss in global standing, and the Iranian regime’s increase in power. Phenomenal work.

— Charlotte Clymer (@charlotteclymer.bsky.social) 2026-04-17T13:20:44.129Z

NBC, CNBC