Iran Says Hormuz Strait Now Completely Open for Commercial Ships

Cargo ships and tankers in the Strait of Hormuz in the northern Emirate.Photographer: Giuseppe Cacace/AFP/Getty Images

Iran announced the Strait of Hormuz is now “completely open” for commercial traffic, a major step toward ending a war with the US and Israel that’s sent energy prices surging and hit the global economy.

Oil prices plunged.