Iran's Islamic Revolutionary Guard Corps Navy said new procedures are now in effect in the Strait of Hormuz and that they will ensure ships pass through the waterway safely and steadily. The statement is the first formal signal from Iran since the late-February blockade that traffic may resume. On the same day, market reports said Iran would reopen Hormuz transit, the US would lift its blockade, Iran would pause uranium enrichment, and a broader nuclear agreement would be negotiated later.
Formal notice points to restored passage
In its notice, the IRGC Navy thanked captains and shipowners in the Persian Gulf and the Gulf of Oman for following Strait of Hormuz rules and contributing to regional maritime security. It added that, with the threat from aggressors removed, the new procedures had taken effect and would support safe and stable passage for vessels.
That language drew attention quickly. The Strait of Hormuz remains one of the world's key energy shipping routes, and this was the first time in months that Iranian authorities used an official notice to indicate a reopening path.
Trump says agreement ends military action
US President Donald Trump said bombing would begin if Iran refused the agreement. If Iran accepts it, he said, the military campaign called “Epic Fury” would be over. Separate market reports described a US framework that includes an Iranian pause in uranium enrichment, renewed transit through the Strait of Hormuz, the lifting of the US blockade on Iran, and later talks on a full nuclear agreement.
According to the source material, Iran is now evaluating that proposal as a possible plan to end the war. No additional formal terms were disclosed.
Three months of risk pricing could unwind
Market commentary in the source said that if reopening of the strait is confirmed, the largest risk premium hanging over global markets for roughly three months could unwind quickly. Oil, inflation expectations, and central-bank rate-cut pricing would all be subject to repricing.
In crypto markets, related coverage linked the development to a rebound in risk appetite. The source referenced BTC reaching $82,000 and ETH moving above $2,400. Another related item said oil had fallen by more than 5% in a single day, with Brent dropping below $110.