As European markets fell and oil prices hit a one-month high, President Donald Trump declared on Truth Social that the strait “is open to ALL Ship traffic except for Iran.”

After President Donald Trump declared the collapse of a preliminary peace agreement on Wednesday, the U.S. and Iran traded renewed airstrikes.

To reach a more durable peace agreement with Iran and open the Strait of Hormuz, Trump needs Israel to uphold the terms of a deal with Lebanon that Hezbollah says it will block by "any means necessary."