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Iran live updates: Iran fully opens Strait of Hormuz, Trump says

All commercial vessels will be allowed to pass through the strait.

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Last updated: Saturday, April 18, 2026 1:40AM GMT
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President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes targeting military and government sites.

After negotiations, U.S.-Iran talks in Pakistan failed to reach a peace deal. Trump said that Iran's nuclear program was the key sticking point, and said the U.S. would respond with a blockade of the Strait of Hormuz starting at 10 a.m. ET on Monday.

Iran announced it would fully reopen the Strait of Hormuz on Friday, but Trump said the blockade will remain in place until the U.S.'s "transaction" with Iran is complete.

Israel, meanwhile, has reached a ceasefire agreement with Lebanon, ending its ground operations and intense strikes, where it was engaged with the Iran-backed Hezbollah militia. Israeli Prime Minister Benjamin Netanyahu said he supported the ceasefire with Iran.

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Apr 14, 2026, 11:06 AM GMT

Oil prices rise, again topping $100 per barrel, ahead of US blockade

The price of oil again climbed on Monday, after the United States said it would begin a blockade of the Strait of Hormuz.

The blockade -- which was expected to begin at 10 a.m. ET, according to U.S. Central Command -- appeared poised to continue the disruption of the vital maritime passageway off the southern Iranian coast, through which some 20% of the world's oil supply is shipped.

Brent crude oil prices, a benchmark for global trading, climbed about 8% by 5 a.m. ET on Monday. It traded at more than $102 a barrel for deliveries in June.

U.S. crude prices for May contracts also advanced about 8% in early trading, climbing to about $103 per barrel.

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