US President Donald Trump has acknowledged the move on social media, but says the US Navy blockade on Iran will continue
Iran says the Strait of Hormuz is fully open to shipping 'for the rest of the ceasefire'.
The announcement was made by the country's foreign minister.
US President Donald Trump has acknowledged the move on social media, but says the US Navy blockade on Iran will continue.
Oil prices dropped by 10 per cent in the immediate aftermath of the announcement.
It comes as a ten day ceasefire takes effect in Lebanon.
Middle East Commentator Tara Kangarlou, says both Iran and America will try to claim credit for opening the key shipping route:
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