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On April 17, U.S. President Donald Trump announced that Iran had agreed never to close the Strait of Hormuz, marking a significant turning point for global energy security and trade amid escalating geopolitical tensions in the Middle East since early 2026. According to the latest statement, this strategic maritime route will no longer be used as a “geopolitical weapon” against the world, significantly reducing the risk of disruptions to oil and gas supply chains.
The information was released after Foreign Minister Abbas Araghchi confirmed that the strait remains fully open to commercial ships during the remaining period of the ceasefire related to the conflict in Lebanon. According to him, ships must still navigate according to the “coordinated route” announced by the Iranian maritime authority to ensure safety amid ongoing risks of mines and naval conflicts in the region.
This development comes just days after the United States imposed a blockade on Iran’s ports following the collapse of negotiations in Pakistan. These pressure measures had previously caused significant fluctuations in the global energy market due to concerns that Tehran might use the Strait of Hormuz as a strategic leverage. Meanwhile, leaders of the United Kingdom and France held an online summit to find ways to fully restore transportation activities through this crucial maritime route, especially as maritime security risks have not been completely eliminated.
Immediately following the announcement from Tehran, President Donald Trump publicly expressed gratitude, emphasizing that reopening this critical maritime transport route is one of the important conditions for the ceasefire agreement pursued by Washington. Previously, he had exerted strong pressure by declaring that reopening Hormuz was a mandatory condition for the process of de-escalating regional tensions, and he was ready to apply tough measures if the demand was not met.
The Strait of Hormuz has long been considered the “energy chokepoint” of the world, with about 20% of the global oil supply passing through this route daily. Even a signal of closure or disruption could cause significant fluctuations in oil prices and global financial markets in a short time. Therefore, the new commitment from Iran is being seen by analysts as a rare positive signal in the current volatile geopolitical landscape.
Notably, the cryptocurrency market also reacted strongly to this information, with Bitcoin unexpectedly surging past the $78,000 mark, reflecting a return of “risk-on” sentiment as the risk of an energy crisis temporarily subsides.
