President Donald Trump says Iran has announced the Strait of Hormuz is fully open.
In a post to Truth Social, Trump says Iran has now declared the waterway “fully open and ready for full passage.” The announcement comes as energy markets have been reacting sharply to developments in the region.
This is a developing story.
Related Stories
EPA Administrator Lee Zeldin, in consultation with the U.S. Department of Energy and under the Clean Air Act, approved the temporary measure to help stabilize fuel supplies and reduce costs for consumers.
As farmers and ranchers navigate rising input costs, lawmakers are considering a roughly $15 billion aid package to help, which would be tied to the spending bill for the war with Iran.
Corn and soybean shipments continue to move at a steady pace as spring trade flows develop.
Strong exports continue to support corn despite larger supplies.
Crush demand is supporting soybeans despite biofuel uncertainty.
Bigger stocks may limit upside in cotton prices.
