Trump Says Shipping Is Safe in the Strait of Hormuz After U.S.-Iran Ceasefire
Hours after announcing a dramatic ceasefire between the United States and Iran, President Donald Trump said Monday that the deal is already easing tensions in one of the world’s most sensitive trade routes. He said, "Ships are passing safely and securely through the Strait of Hormuz," presenting the agreement as having immediately restored freedom of navigation.
Trump’s remarks were meant to reassure global markets and international shipping companies after fears of disruption in the narrow waterway, through which a significant share of the world’s oil supply passes. The international system, according to the report, welcomed the apparent calm in the strait.
Officials in Washington said the U.S. Navy, working with an international coalition, will continue closely monitoring the area to make sure all sides honor the agreement. At the same time, global crude oil prices were already falling sharply in response to the announcement.
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