|
To receive daily emails from Breaking Christian News to your inbox CLICK HERE
President Trump: Strait of Hormuz 'Fully Open', Oil Prices DropAfter the announcement of the reopening Friday morning, crude oil dropped over 10%, to just over $81 a barrel. Oil had reached its highest on April 6 at $112 per barrel. -The Center Square report
"IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE," he wrote on TruthSocial. "THANK YOU!" A few minutes later, Trump posted that the Strait was "COMPLETELY OPEN AND READY FOR BUSINESS AND FULL PASSAGE." The Iranian foreign minister, Seyed Abbas Araghchi, confirmed this on X, saying that yesterday's ceasefire between Israel and Lebanon was connected to the strait's reopening. "In line with the ceasefire in Lebanon," he said, "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 Organization of the Islamic Rep. of Iran." Since Monday, the United States had maintained a blockade of ships connected to Iranian commerce. Trump added on Friday that "THE NAVAL BLOCKADE WILL REMAIN IN FULL FORCE AND EFFECT AS IT PERTAINS TO IRAN, ONLY, UNTIL SUCH TIME AS OUR TRANSACTION WITH IRAN IS 100% COMPLETE." "THIS PROCESS SHOULD GO VERY QUICKLY IN THAT MOST OF THE POINTS ARE ALREADY NEGOTIATED," he wrote. The Strait of Hormuz is a key waterway for the global oil trade. About 25% of world seaborn oil trade transits the straight, according to the International Energy Agency, with 80% of it destined for Asia. About 19% of the world's liquefied natural gas transits the strait as well. Bangladesh, India, and Pakistan imported almost two-thirds of their liquefied natural gas supplies via the Strait of Hormuz in 2025, making them particularly vulnerable to Iran's actions. [After the announcement of the reopening Friday morning, crude oil dropped over 10%, to just over $81 a barrel. Oil had reached its highest on April 6 at $112 per barrel. -The Center Square report] Trump announced on April 7 that Iran agreed to open the Strait of Hormuz, but the crucial waterway remained heavily disrupted by the conflict. Subscribe for free to Breaking Christian News here Elizabeth Troutman Mitchell is the White House Correspondent for "The Daily Signal."
To receive daily emails from Breaking Christian News to your inbox CLICK HERE
Other Recent Articles from Breaking Christian News 'I Still Have a Dream' – MLK Jr.'s Niece Rejects SPLC's Hate-Mongering in Powerhouse Testimony Michigan Town Bans Church From Holding Worship Services: Lawsuit 'Not Above the Law': VP Vance Refers New Fraud Allegations against Tim Walz to DOJ Republican Candidate Steve Hilton Advances in California Governor's Primary Race Rick Scott: Late LA Mayor Race Results Prove SAVE America is Necessary Socialist Raman Defeats Spencer Pratt in LA Mayor Race with Last-Minute Vote Surge The US Will 'Respond' to Iran Downing Army Chopper; Ceasefire in Question Who Are the 13 Patriots Honored in Freedom Plaza? The Left Couldn't Pause the Politics for One Lousy Day for 'The Great American State Fair' One Player Refuses to Wear 'Pride' Hat During LA Dodgers' LGBT Night What Happened to Spencer Pratt Is Why the Supreme Court Decision on Election DAY Is Key Sirens Blare Throughout Israel as Iran and Houthis Fire Barrage of Missiles Why Christianity Is Soaring in Iran While Islam Is Collapsing Canada's Senate Passes Anti-Christian 'Bible Ban' Bill C-9, Now Heads to House of Commons Good News: US Private Payrolls Post Biggest Gain Since January 2025 Search the Articles Archives |
All articles on this site and emails from BCN are copyrighted property of Breaking Christian News. Permission is given to link to, or share a BCN story if proper attribution is given to both the original writer and summarizer of the story. Breaking Christian News 2005-2019. All Rights Reserved.
Breaking Christian News is a division of Elijah List Publications, Inc. All Rights Reserved
Disclaimer: Articles and links, as well as the source articles linked to; do not necessarily reflect the opinion of Breaking Christian News.
| Home | Store | Subscribe | Facebook | Article Archive |