Iran Claims Final Deal Remains Distant as Hormuz Strait is Open
Tehran announced that the Strait of Hormuz, a critical global oil transit point, is now open following a temporary ceasefire. This statement was issued after the conflict between Israel and Iran's ally, Hezbollah, in Lebanon.
On April 22, Tehran declared the Strait of Hormuz, through which a fifth of the world’s oil and liquefied natural gas usually transits, open after a temporary ceasefire was agreed to halt Israel’s war with Iran’s ally Hezbollah in Lebanon