Market Commentary: Teetering

2026-04-18 09:08:00 ET

“Trump Says Hormuz Strait Is Fully Open, Cites Iran.” “Hormuz Passage ‘Completely Open’ to Commercial Ships During Ceasefire: Iran FM.” “Trump Says Iran Will Suspend Nuclear Program as Hormuz Reopens.”

April 17 – AFP: “US President Donald Trump said Friday that Iran had agreed to never again shut the Strait of Hormuz, during a string of social media posts indicating a peace deal with Tehran was near. ‘Iran has agreed to never close the Strait of Hormuz again. It will no longer be used as a weapon against the World,’ Trump said on his Truth Social network…”

April 17 – Bloomberg (Patrick Sykes): “Passage through the Strait of Hormuz ‘is not possible without the coordination of the Islamic Republic Guard Corps navy,’ Iranian state TV cites a senior military official as saying. Passage of military vessels through the strait remains forbidden. Ships can only pass via the route approved by the Ports and Maritime Organization of Iran.” ...

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