Iran opens Strait of Hormuz after ceasefire — oil prices drop, deal 'close'? | DW News
April 17, 2026
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14:48Now PlayingIran opens Strait of Hormuz after ceasefire — oil prices drop, deal 'close'? | DW News
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as posted by the channelIran 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.
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