Iran announced on Friday that the Strait of Hormuz will remain “fully open” until the end of the ceasefire with the United States, which is in effect until April 22 and could be extended depending on the outcome of negotiations scheduled for this weekend. The government of the Islamic Republic justified the decision to open one of the key maritime routes for the global supply of hydrocarbons on the entry into force of the truce in Lebanon, which has led to a significant drop in oil prices and a major relief in the markets. However, the U.S. naval blockade against Iranian ports will remain in place.
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