Markets reacted immediately. Oil prices plunged by more than 10%, one of the sharpest single-day drops in recent weeks, as traders priced in the return of disrupted supply routes.

The decline in energy prices also boosted global stock markets, with major indices rising on expectations that easing fuel costs could reduce inflationary pressure and support economic growth.

However, the situation on the ground remains uncertain. Iran has indicated that vessels may still need coordination with its military, and concerns persist over sea mines and security risks in the waterway, potentially slowing a full return to normal shipping. 

The reopening is part of a broader diplomatic push that includes ongoing U.S.–Iran talks and efforts to stabilize the region after weeks of conflict that disrupted global energy supplies and rattled financial markets.

While the move has eased immediate fears of a prolonged energy crisis, analysts warn that any breakdown in negotiations could quickly reverse gains, sending oil prices higher again and reigniting volatility across global markets.

Sources: CNN, Reuters, CNBC, AP News, Washington Post, The Hill