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De-escalation in the Middle East: Iran Reopens Strait of Hormuz Following Lebanon Ceasefire

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Global oil markets reacted to a significant shift in regional stability as Iran announced the full reopening of the Strait of Hormuz to commercial shipping. This decision follows the implementation of a ceasefire agreement that now encompasses Lebanon, signaling a broader reduction in tensions that had previously threatened this critical maritime chokepoint. The move marks a pivotal moment in the geopolitical landscape, linking the resolution of the Lebanon conflict directly to the restoration of safe passage for global energy trade.