Strait of Hormuz reopens under cautious global scrutiny amid US-Iran tensions

The reopening of the Strait of Hormuz, a critical chokepoint for global oil shipments, has brought measured relief to world leaders and industry stakeholders. Iran’s Foreign Minister Abbas Araghchi announced on Friday that the strait is now “completely open” for commercial traffic following a 10-day ceasefire between Israel and Lebanon. Yet, the declaration comes with caveats—fueling uncertainty over the fragile detente between Iran and the United States amid broader regional tensions. Sources c