Iran says ‘non-hostile’ ships can pass safely through Strait of Hormuz
Iran has announced that 'non-hostile' ships can now transit the Strait of Hormuz safely, as long as they follow their rules and don't support aggression against Iran. This comes amid a major drop in shipping traffic since the US-Israel war on Iran began, with only about 5 ships passing daily compared to 120 before. The closure has driven up global energy prices, but recent reports of potential peace talks have caused oil prices to drop and Asian stock markets to rise. A possible end to the conflict could help stabilize the vital waterway.
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