Trump cheers as oil prices PLUNGE after Iran declares Strait of Hormuz 'completely open': 'Ready for full passage'

By PHILLIP NIETO, US POLITICAL REPORTER Published: 14:15, 17 April 2026 | Updated: 14:27, 17 April 2026 Donald Trump hailed a major step toward peace with Iran after the regime’s leadership declared the Strait of Hormuz 'completely open' following Israel’s ceasefire with Lebanon. Iran’s foreign minister announced Friday morning on social media that 'all commercial vessels' are now permitted to pass through the critical oil chokepoint, marking a full reopening after nearly a month-long shutdown. 'In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran,' wrote Seyed Abbas Araghchi. Following the announcement, crude prices plunged 10 percent within minutes to $82 a barrel. The strait carries roughly one-fifth of the world’s oil supply. Trump reacted on Truth Social by thanking the regime he once sought to topple: 'IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!' The comments below have not been moderated. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. By posting your comment you agree to our house rules. Do you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual. Do you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual We will automatically post your comment and a link to the news story to your Facebook timeline at the same time it is posted on MailOnline. To do this we will link your MailOnline account with your Facebook account. We’ll ask you to confirm this for your first post to Facebook. You can choose on each post whether you would like it to be posted to Facebook. Your details from Facebook will be used to provide you with tailored content, marketing and ads in line with our Privacy Policy.