Iran declared the Strait of Hormuz completely open to all commercial shipping traffic Friday, sending stocks soaring as oil prices plummeted.

Iran’s foreign minister says shipping through the Strait of Hormuz will remain open for the rest of the ceasefire period. President Trump responded on Truth Social, acknowledging that the strait was open and saying,

Iran announced Friday that it would open the Strait of Hormuz, the vital passageway for oil supplies that has been a central point of contention in efforts to end the U.S.-Israeli war against Iran. “The passage for all commercial vessels through Strait of Hormuz is declared completely open,

The announcement today from Iranian Foreign Minister Abbas Araghchi came after US President Donald Trump confirmed yesterday a 10-day truce between Israel and Hezbollah Lebanon.

U.S. President Donald Trump and Iran’s foreign minister said Friday that the Strait of Hormuz is now fully open to commercial vessels. Foreign Minister Abbas Araghchi posted on X that the strait “is declared completely open” in line with the ceasefire in Lebanon and would remain open for the remaining period of the ceasefire.

A 10-day truce in Lebanon appears to be holding as U_S_ President Donald Trump calls it a “historic day for Lebanon.”

Iran's Foreign Minister Abbas Araghchi and President Trump have declared that the Strait of Hormuz is "completely open." CBS News' Charlie D'Agata and Olivia Rinaldi report.

President Trump reacted enthusiastically to news Iran about opening of Strait of Hormuz to commercial shipping. But how will American voters respond, in the lead-up to the midterm elections? Former RNC Communications Director and Republican Strategist Doug Heye gives his candid opinions to Becky Anderson.