Europe refused to send ships to force the IRGC to reopen the Strait of Hormuz but is now forming a coalition against the United States. Photo courtesy of the Defense Visual Information Distribution Service.Peace between Iran and the United States has seemingly taken a step forward as Iran has moved to reopen traffic on the Strait of Hormuz.As The Gateway Pundit reported, Iran last week declared tanker traffic in the Strait of Hormuz was traffic “suspended” after Israel continued hammering Hezbollah following the U.S.-Iran ceasefire agreement.President Trump responded by ordering the U.S. Navy to immediately begin blockading the Strait of Hormuz, one of the most critical oil chokepoints in the world.This move has significantly damaged Iran’s already struggling economy.Then, with the encouragement of Trump, Israel and Lebanon negotiated a 10-day ceasefire to stop the bloodshed.Trump’s savvy moves appear to have worked, because Iran has now declared the Strait completely reopened for the remainder of the ceasefire.“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,” Foreign Minister Seyed Abbas Araghchi announced on X.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.— Seyed Abbas Araghchi (@araghchi) April 17, 2026As a result of Iran’s announcement, the oil prices are now plummeting.Oil price collapse as Iran announces the Strait of Hormuz is open to all. Stocks will also surge to yet another record at the opening bell. World War III and an economic apocalypse deferred yet again until the next “crisis.” Blue Sky in total mourning. pic.twitter.com/3jlZsDVNMD— Clay Travis (@ClayTravis) April 17, 2026Trump responded in all-caps on Truth Social. He celebrated the news, but warned that the naval blockade will remain in “full force” until a deal with Iran is finalized.“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,” Trump wrote.“THIS PROCESS SHOULD GO VERY QUICKLY IN THAT MOST OF THE POINTS ARE ALREADY NEGOTIATED,” he added. “THANK YOU FOR YOUR ATTENTION TO THIS MATTER!”The post NEW: Iran Caves, Declares Strait of Hormuz “Completely Open” for All Commercial Ships – Trump Responds appeared first on The Gateway Pundit.