The United States has announced that the Strait of Hormuz will be fully reopened by Friday following a new agreement with Iran aimed at ending months of conflict.
U.S. President Donald Trump said shipping had already resumed through the vital oil corridor.
He added that the waterway would be completely open within days as part of the new peace arrangement.
The agreement followed months of tension and disruptions in global energy supply routes.
Iran had previously blocked the Strait during the conflict, pushing oil prices higher worldwide.
Trump said the reopening marks a major step toward stabilising the Middle East.
He noted that vessels carrying crude oil were already moving through the route.
The deal was also described as part of wider efforts to formally end the war between the two countries.
U.S., Iranian and Pakistani officials are expected to sign the agreement in Switzerland.
A senior U.S. official said key elements of the deal had already been signed electronically.
Iranian officials said the agreement marks an end to active hostilities, though further negotiations are expected.
Iran’s government described the accord as a political and strategic achievement.
However, some Iranian officials warned that trust remains fragile due to past broken agreements.
The reopening of Hormuz is expected to ease global oil supply pressures.
The strait is one of the world’s most important shipping routes for crude oil exports.
Market analysts said oil prices have already begun to fall following the announcement.
The deal has also boosted global stock markets amid expectations of improved energy stability.
Several countries welcomed the agreement as a step toward regional peace.
Observers said the coming weeks will be critical in determining whether the truce holds.
