White House Press Secretary Karoline Leavitt confirmed Wednesday that Iran has agreed to reopen the Strait of Hormuz to international maritime traffic.
The announcement follows weeks of intense diplomatic negotiations regarding the strategic waterway, which serves as a primary route for global energy supplies.
Speaking from the White House, Leavitt stated the agreement marks a significant development in stabilizing regional commerce and reducing volatility in oil markets.
The Strait of Hormuz is responsible for the passage of approximately one-fifth of the world’s total oil consumption.
Previous restrictions on the waterway had triggered sharp increases in crude prices and raised concerns among major global economies.
President Donald Trump has been personally involved in the discussions, prioritizing maritime security and the stability of the global energy supply chain.
Officials did not immediately provide specific terms of the agreement or a timeline for the full resumption of normal shipping operations.
Market analysts reacted quickly, with Brent crude futures seeing an immediate downward adjustment following the White House statement.
International shipping conglomerates expressed cautious optimism while awaiting further verification from regional maritime authorities.
This development follows high-level meetings between U.S. representatives and regional partners aimed at ensuring the freedom of navigation.
The Iranian government has not yet released an official statement via state media regarding the specifics of the White House announcement.
Security experts suggest the reopening could signal a de-escalation of military posturing that has characterized the region for months.
Members of Congress have requested a briefing on the deal's conditions to ensure long-term stability and compliance.
Global trade organizations noted the closure forced tankers to take more expensive routes around the Cape of Good Hope.
The White House indicated that more details regarding the diplomatic breakthrough would be shared as implementation begins.
This announcement is a pivotal moment for the Trump administration's foreign policy objectives in the Middle East.