Trump and Iran announce Strait of Hormuz 'completely open' for rest of Israel-Lebanon ceasefire

Iran's foreign minister, Seyed Abbas Araghchi, announced on Friday that the country would begin allowing commercial vessels to transit the waterways off their coast for the rest of the Israel-Lebanon ceasefire.

The announcement, if followed through upon, could be a breakthrough for the economic downturn that has taken place since Iran effectively closed oil and gas shipping through the area since Israel and the U.S. began their wars on February 28.