Iran opens Strait of Hormuz after ceasefire — oil prices drop, deal ‘close’? | DW News
Iran has declared the Strait of Hormuz open to commercial shipping, following a ceasefire in Lebanon, raising hopes that a broader deal to end the US-Iran war could be within reach.
The strait — which carries around 20% of global oil and gas supply — had been effectively closed since the conflict began in late February. Oil prices dropped sharply after the announcement, as markets reacted to the prospect of restored energy flows.
US President Donald Trump welcomed the move, saying a full agreement could come “soon,” but confirmed that a US blockade targeting Iranian shipping remains in place.
Meanwhile, a 10-day ceasefire between Israel and Hezbollah in Lebanon has allowed displaced civilians to return home — though tensions remain high and questions persist over whether the truce can hold.
We speak to former US diplomat Barbara Leaf about whether this marks a turning point in the war, what obstacles remain in negotiations, and how stable the ceasefire really is.
European leaders including Emmanuel Macron and Keir Starmer have welcomed the reopening and are discussing a possible mission to secure freedom of navigation in the region.
#dwcurrentaffairs
00:00 Iran opens Strait of Hormuz
00:23 Oil prices drop after announcement
00:36 Trump: Deal “very close”
00:47 What reopening means for global trade
00:46 Interview: Barbara Leaf reacts
02:32 Is this the beginning of the end?
03:40 Can Hormuz stay open?
07:07 What could derail a US-Iran deal
10:10 Europe responds to Hormuz reopening
12:48 What an European mission could look like
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