Woofun AI reports that US President Donald Trump has confirmed a newly reached agreement with Iran, which mandates the full reopening of the Strait of Hormuz by Friday. Trump stated that maritime traffic has already resumed through the critical waterway, signaling the end of recent disruptions.

This diplomatic development has exerted immediate downward pressure on energy markets. Global oil prices have retreated sharply following the announcement, reflecting investor confidence in the restoration of stable supply chains through this strategic chokepoint.