Dow Soars Over 700 Points After Iran Declares Strait Of Hormuz Is Open — Trump Says Naval Blockade To Continue

U.S. equities soared on Friday morning after Iranian Foreign Minister Seyed Abbas Araghchi announced that the Strait of Hormuz is completely open for passage following the ceasefire announced between Israel and Lebanon.

The Dow Jones Industrial Average (DJIA) soared more than 700 points, while the S&P 500 index and the Nasdaq Composite gained about 1% each.

“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,” Araghchi stated in a post on X.

Meanwhile, President Donald Trump stated that the naval blockade of Iranian ports will continue until the “transaction” with Iran is complete.

“The Strait of Hormuz is completely open and ready for business and full passage, but 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,” he stated in a post on Truth Social.

President Trump added that the talks with Iran should be completed very soon, noting that most of the points have already been negotiated with the Middle Eastern country.

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