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Wednesday, April 8, 2026

Oil lifeline back? Tehran reopens Strait of Hormuz for 2 weeks as US-Iran agree to 11th-hour truce


Is the Strait of Hormuz finally reopening after weeks of chaos?
Iran, in a X post, has announced a two-week safe passage window as part of a temporary ceasefire. With global markets on edge, is this a real breakthrough or just a pause?

Iran on Tuesday (Apr 7) gave a green light to safe passage through the Strait of Hormuz for a period of two weeks as the United States and Tehran agreed to a temporary ceasefire just under an hour before US President Donald Trump's deadline to launch a devastating new wave of strikes was set to expire. In a post on X, Iranian Foreign Minister Seyed Abbas Araghchi announced a temporary reopening of the Strait of Hormuz, the chokepoint whose closure has rattled global energy markets, sent oil prices surging past $100 a barrel, and pushed several Asian nations toward fuel rationing since the conflict began on February 28

Two-week ceasefire in place: What did Iran say about Hormuz?

The United States of America and Iran pulled back from the edge Tuesday, agreeing to a two-week ceasefire. Announcing the truce on Truth social just an hour before his deadline to launch large-scale military strikes, Trump said, "Subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks." (Source)