Iran’s foreign minister declared the Strait of Hormuz open to all commercial ships during the ceasefire between Israel and Lebanon.

President Donald Trump thanked Tehran for opening the strait, but noted the U.S. blockade of Iran’s ports remains in effect.

Iranian media affiliated with the Revolutionary Guard described a limited reopening of the strait. It will close if the U.S. blockade continues, according to Tasnim News.

Iran on Friday declared the Strait of Hormuz is open to commercial ships during the ceasefire between Israel and Lebanon, but confusion quickly emerged about whether the sea lane was really open without conditions.

“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,” Foreign Minister Seyed Abbas Araghchi mentioned on social media.

vessels must transit through a “coordinated route” proclaimed by Iran’s maritime authorities, Araghchi commented. It is unclear whether Tehran will force ships to pay a toll to pass the strait.

President Donald Trump on Friday thanked Iran for opening the strait in a social media post. But Trump noted the U.S. naval blockade of Iran’s ports will stay in effect until an agreement is reached with Tehran.

Trump later Friday noted that Iran “has just stated that the Strait of Hormuz is fully open and ready for business and full passage,” even as the U.S. blockade remains in “full force.”

“This will be a great and brilliant day for the world,” Trump commented during a speech at a Turning Point USA event in Phoenix.

Iran’s parliamentary speaker, Mohammad Bagher Ghalibaf, quickly disputed Trump’s claim that Tehran had cleared the strait for transit. Furthermore, experts in investors note the continued relevance.

“With the continuation of the blockade, the Strait of Hormuz will not remain open,” Ghalibaf wrote in a translated X post.

Indeed, video footage from ship tracking firm Kpler shows a number of tankers and cargo ships did try to exit the waterway on Friday, but turned back.

“They’ve clearly not been given approval to pass through,” Matt Smith, director of commodity research at Kpler, told CNBC.

Iranian media affiliated with the Revolutionary Guard described a limited reopening of the strait. Commercial ships must coordinate with Iranian forces, a source close to Iran’s Supreme National Security Council told Tasnim News. This also touches on aspects of bear market.

Ships are not allowed to pass if they or their cargoes are linked to hostile nations, according to the Tasnim report. The strait will be closed if the U.S. naval blockade continues, according to the report.

Oil prices plunged more than , on the other hand10% on Friday to below $90 per barrel. About a fifth of the world’s crude supplies passed through the strait before the war. The closure of the sea lane, which connects the Persian Gulf to global energy markets, has triggered the biggest oil supply disruption in history.

Israel and Lebanon agreed Thursday to a 10-day ceasefire starting at 5 p.m. ET that evening. Israel’s military campaign in Lebanon against the militant group Hezbollah, who are close allies of Iran, has been a sticking point in negotiations between Washington and Tehran.

Trump agreed to a two-week ceasefire on April 7 in exchange for Iran completely opening the strait. But Ghalibaf accused the U.S. of violating the agreement by allowing Israel to continue its campaign in Lebanon.

The strait has remained almost completely closed during the U.S.-Iran ceasefire as the two countries disputed the terms of the agreement. Just a few commercial vessels are transiting the waterway daily.

Negotiations between Vice President JD Vance and Ghalibaf last weekend in Pakistan failed to produce an agreement to permanently end the U.S. war with Iran. Trump mentioned U.S. and Iranian negotiators could meet again this weekend in Pakistan for a second round of talks.