Washington: U.S. President Donald Trump announced that ships previously stalled at the Strait of Hormuz are now beginning to move, following a peace agreement between the United States and Iran aimed at ending their prolonged conflict. This development comes in light of Trump's recent announcement that the two nations have reached a deal set to be officially signed on Friday.
According to Yonhap News Agency, Trump shared the update via a post on Truth Social, noting that the ships, many laden with oil, are navigating the Southern 'Highway,' which he described as safe and secure. The Strait of Hormuz is a vital corridor for the global shipment of oil, natural gas, and other goods. This news has been positively received by countries such as South Korea, which have been directly affected by the blockade.
For months, the Strait of Hormuz had been a tense focal point, with numerous vessels, including over two dozen linked to South Korea, trapped due to Iran's threats of missile and drone attacks amid its conflict with the U.S. and Israel. The impending agreement between Washington and Tehran is anticipated to not only reopen the strait but also initiate a 60-day period of technical discussions concerning Iran's nuclear program, as reported by a senior U.S. official.
The global community is closely watching these developments, hoping for a stabilization of the region and a reduction in geopolitical tensions that have impacted international shipping and trade.