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Reactions of industry and leaders to Iran saying Hormuz is open
Iran's foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire accord agreed in Lebanon. Here are some quotes from the shipping industry and world leaders on the Iranian declaration. "If this represents a step towards an opening, it is a welcome development. However, the situation remains unresolved, with a number of outstanding uncertainties, including questions related to the presence of sea mines, applicable Iranian conditions, and practical implementation. These aspects will need to be clarified before any ... (full story)