Iran’s foreign minister declared the Strait of Hormuz “completely open” for commercial shipping on Friday, sending Brent crude down roughly $10 to around $89 a barrel within minutes and sent U.S. stocks to a fresh record high.
President Donald Trump quickly claimed credit on Truth Social, writing that the Strait is “COMPLETELY OPEN AND READY FOR BUSINESS” — but he made clear the U.S. naval blockade of Iranian ports isn’t going anywhere until a deal with Iran is “100% COMPLETE.” He added that the negotiation process “SHOULD GO VERY QUICKLY” because most of the points have already been worked out.
Despite the Strait opening, it’s unclear when commercial shippers will gain the confidence to resume normal operations. Some told the Wall Street Journal they were waiting for clearer security guarantees before resuming normal traffic, which before the war ran around 135 vessels a day.
On the face of it, the reopening is the clearest sign yet that the two-month U.S.-Iran war is winding down. But the bigger story, according to veteran energy analysts, is the fresh leverage Iran discovered it holds in the Gulf.
“It turns out the Strait of Hormuz functions almost like a nuclear deterrent,” said Jim Krane, a Gulf energy expert at Rice University’s Baker Institute and the author of books on Saudi and UAE energy policy. “It’s a pretty strong card that they play, basically holding global economy hostage to halt attacks on it.”
It’s not over until the ships sail. And I wonder if we keep the blockade going? Oil is going to nose dive even more than it has already if both sides go hands off.
OptimisticRealist__ on
Iran: im gonna block the strait
Trump: we will force it open
Also Iran: we will open the strait
Also Trump: we will force it closed
This entire bozo war is straight out of a simpsons episode
dantoddd on
GCC is going to create alternative routes for thier oil. This is a nuclear detterence in the sense you can only use it once
softDisk-60 on
Iran didn’t know what it had until Trump showed it to them. They could even ditch the nuke program, because Hormuz is obviously much more effective. And damn hard to patch up too .
Lost-Cause69 on
All this costly machinery, man power wasted to open something which was already opened at first place.
Orange guy got serious issues to pull off such mental gymnastics.
Vicsvenge1997 on
Gotta pump the Friday stocks.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
7 Kommentare
Iran’s foreign minister declared the Strait of Hormuz “completely open” for commercial shipping on Friday, sending Brent crude down roughly $10 to around $89 a barrel within minutes and sent U.S. stocks to a fresh record high.
President Donald Trump quickly claimed credit on Truth Social, writing that the Strait is “COMPLETELY OPEN AND READY FOR BUSINESS” — but he made clear the U.S. naval blockade of Iranian ports isn’t going anywhere until a deal with Iran is “100% COMPLETE.” He added that the negotiation process “SHOULD GO VERY QUICKLY” because most of the points have already been worked out.
Despite the Strait opening, it’s unclear when commercial shippers will gain the confidence to resume normal operations. Some told the Wall Street Journal they were waiting for clearer security guarantees before resuming normal traffic, which before the war ran around 135 vessels a day.
On the face of it, the reopening is the clearest sign yet that the two-month U.S.-Iran war is winding down. But the bigger story, according to veteran energy analysts, is the fresh leverage Iran discovered it holds in the Gulf.
“It turns out the Strait of Hormuz functions almost like a nuclear deterrent,” said Jim Krane, a Gulf energy expert at Rice University’s Baker Institute and the author of books on Saudi and UAE energy policy. “It’s a pretty strong card that they play, basically holding global economy hostage to halt attacks on it.”
Read more: [https://fortune.com/2026/04/17/iran-open-strait-hormuz-trump-nuclear-deterrent-markets-gas-prices-oil/](https://fortune.com/2026/04/17/iran-open-strait-hormuz-trump-nuclear-deterrent-markets-gas-prices-oil/)
It’s not over until the ships sail. And I wonder if we keep the blockade going? Oil is going to nose dive even more than it has already if both sides go hands off.
Iran: im gonna block the strait
Trump: we will force it open
Also Iran: we will open the strait
Also Trump: we will force it closed
This entire bozo war is straight out of a simpsons episode
GCC is going to create alternative routes for thier oil. This is a nuclear detterence in the sense you can only use it once
Iran didn’t know what it had until Trump showed it to them. They could even ditch the nuke program, because Hormuz is obviously much more effective. And damn hard to patch up too .
All this costly machinery, man power wasted to open something which was already opened at first place.
Orange guy got serious issues to pull off such mental gymnastics.
Gotta pump the Friday stocks.