Tehran has declared the critical oil transit corridor 'completely open' to commercial shipping. The guarantee is strictly contingent upon the continued adherence to the current cease-fire between Lebanon and Israel.
- Strait of Hormuz declared 'completely open' for commercial vessels
- Openness is conditional on the Lebanon-Israel cease-fire remaining in effect
- Announcement follows seven weeks of regional conflict
- Maritime stability is now tied to diplomatic outcomes in Lebanon
- Potential for renewed volatility if cease-fire terms are violated
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