On Thursday morning, at least 10 commercial vessels were reported transiting the Strait of Hormuz, following the signing of a memorandum of understanding between President Trump and Iranian President [Name] on Wednesday. The agreement aims to reopen the Strait of Hormuz and initiate direct negotiations on various issues, including Iran's nuclear program.
Israel is currently in discussions with the U.S. regarding its military presence in southern Lebanon, as the agreement stipulates an end to military operations on all fronts, including Lebanon. Israeli Prime Minister Benjamin Netanyahu has stated that Israel will not withdraw from its security zone in southern Lebanon, despite the terms of the agreement. He emphasized the need to maintain security in the region and thanked the U.S. for its support.
According to maritime data company Lloyd's List Intelligence, major shipowners have begun moving vessels through the Strait of Hormuz for the first time in 110 days. The strait is a crucial passage for global oil and natural gas, accounting for 20% of total supply. However, the main central route remains closed due to an estimated 80 mines that need to be cleared. Ships are currently using smaller northern and southern routes, which are open.
President Trump expressed expectations for a complete ceasefire in the region, including between Israel and Hezbollah, as negotiations with Iran progress. Meanwhile, Iran's supreme leader, Mojtaba Khamenei, stated that he did not agree with the deal but allowed its signing to protect Iranian interests.