Iranian Foreign Minister Abbas Araghchi stated on April 17, 2026, that the Strait of Hormuz is open to all commercial vessels on a designated route for the remaining duration of the Israel-Hezbollah ceasefire. This follows Iran's closure of the strait on February 28 amid a U.S.-Israel launched conflict, and a 10-day truce between Israel and Hezbollah that took effect on Thursday. Unverified reports note oil price drops and stalled U.S.-Iran talks.