Iran announced that the Strait of Hormuz will remain fully open to shipping until a ceasefire expires. This decision, linked to a truce between Israel and Lebanon, caused an immediate drop in global oil prices.

<p> <img alt="Despite the relief, normalizing traffic will take weeks. According to maritime intelligence firm Windward, at least 823 vessels remain trapped in the Persian Gulf" height="80" src="https://en.mercopress.com/data/cache/noticias/109833/100x80/buque.jpg" style="float: left; margin: 0 12px 6px 0; border: 1px solid #333;" width="100" /> Iran announced on Friday that the Strait of Hormuz will remain "fully open" to merchant shipping until the ceasefire with the Unite...