President Donald Trump said Friday that the Strait of Hormuz has been reopened to commercial traffic, describing the critical shipping route as “fully open and ready for full passage” in a post on Truth Social.

The announcement came shortly after Iranian officials confirmed that vessels would be allowed to transit the strait during a ceasefire tied to ongoing regional tensions. Iranian Foreign Minister Seyed Abbas Araghchi stated that all commercial ships could pass through the waterway for the duration of the ceasefire, provided they follow a coordinated route established by Iran’s maritime authorities.

The reopening is linked to a 10-day ceasefire between Israel and Lebanon that began Thursday evening, temporarily reducing hostilities in a region that has seen escalating conflict involving Iran-backed forces. The Strait of Hormuz, which lies along Iran’s southern coast, is one of the world’s most important oil transit chokepoints, making its status a key factor in global energy markets.

Trump also indicated that U.S. pressure on Iran would remain in place despite the development, stating that a naval blockade targeting Iran specifically would continue until broader negotiations are finalized.

Iranian Deputy Foreign Minister Saeed Khatibzadeh said Tehran intends to keep the strait open but signaled that future arrangements could be adjusted based on security and environmental considerations. He emphasized that any broader agreement must extend beyond a limited ceasefire, calling for a comprehensive resolution across multiple conflict zones.

The situation has drawn international involvement, with Pakistan engaging in mediation efforts. Pakistani Army Chief Asim Munir has met with Iranian leaders in Tehran, including President Masoud Pezeshkian, as part of ongoing diplomatic efforts to stabilize the region.

Markets reacted quickly to the announcement, with oil prices dropping more than 11% amid expectations that energy supplies will remain stable if the strait stays open.

The waterway’s reopening marks a significant development in the broader geopolitical standoff involving Iran, Israel, and the United States, though restrictions on vessel routing and ongoing negotiations indicate that tensions remain unresolved.