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AXIOS (Ben Geman) - Oil prices plunge on claims Strait of Hormuz is open

Data: Financial Modeling Prep ; Chart: Ben Geman/Axios Oil prices dropped over 10% Friday after President Trump and Iran's foreign minister claimed the Strait of Hormuz — the world's most critical energy shipping lane — is open for transit. Why it matters: The steep selloff signals traders see a real sign that the unprecedented throttling of oil and petroleum product flows could significantly ease. - The drop also follows signs of continued progress in ceasefire negotiations. Driving the news: "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire," Iranian foreign minister Abbas Araghchi posted on X . - He said this…

Data: Financial Modeling Prep ; Chart: Ben Geman/Axios Oil prices dropped over 10% Friday after President Trump and Iran's foreign minister claimed the Strait of Hormuz — the world's most critical energy shipping lane — is open for transit. Why it matters: The steep selloff signals traders see a real sign that the unprecedented throttling of oil and petroleum product flows could significantly ease. - The drop also follows signs of continued progress in ceasefire negotiations. Driving the news: "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire," Iranian foreign minister Abbas Araghchi posted on X . - He said this…Open

CENTERFORSECURITYPOLICY (Sam Faddis) - If the Iranians want a deal they have a funny way of showing it

Originally published by AND Magazine

“I view it as very close to over,” says President Trump, referring to the Iran war. “They’d like to make a deal very badly.” If so, the Iranians aren’t saying so. In remarks made on Wednesday, Ali Abdollahi, the commander of Iranian Khatam al-Anbiya Central Headquarters, emphasized that if the US continues its illegal maritime blockade and creates insecurity for Iranian commercial vessels and oil tankers, it would be a violation of the ceasefire agreement. He added that Iran’s military forces would not allow any exports or imports to take place in the Strait of Hormuz, the Persian Gulf, the Sea of Oman, or the Red Sea. “Should the aggressive and terrorist United States continues its illegal action of naval blockade in…Open

YOUTUBE (NewsNation) - Strait of Hormuz ‘completely open’: Iranian officials

Iran announced Friday that it will allow commercial vessels to pass through the Strait of Hormuz during its 10-day ceasefire with Lebanon. NewsNation’s Robert Sherman has the latest developments. #StraitofHormuz #Iran #Lebanon Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live with Marni Hughes." Weekdays starting at 9a/8C.#NewsNationLive NewsNation is your source for fact-based, unbiased news for all Americans.