Trump says U.S. blockade in Strait of Hormuz to be lifted

U.S. President Donald Trump says a U.S. naval blockade affecting ship traffic through the Strait of Hormuz will be lifted, following days of disruption in one of the world’s busiest oil transit routes.

In a post on Truth Social, Trump said vessels delayed in the strait “may start the process of ‘heading home,’” adding that the blockade had been “amazing and unprecedented.”

According to international energy agencies, roughly 20 per cent of global crude oil shipments move through the Strait of Hormuz during peacetime. The narrow waterway along Iran’s southern coast is considered a critical route for oil exports from the Middle East.

The United States and Iran had both established separate restrictions affecting tanker traffic through the passage, contributing to volatility in global energy markets. Oil and gasoline prices have increased in several countries, including Canada, where some regions reported fuel prices above $2 per litre.