Washington: - After 48 days of uncertainty amid heavy political tensions in West Asia, Iran has finally taken a big step and reopened the Hormuz waterway for traffic. After this announcement, crude oil prices immediately fell by 10 percent. This waterway is considered the most important route for crude oil supply worldwide.
With the opening of this route, the uncertainty regarding oil prices and supply in the international market is expected to end. This decision of Iran is being seen as a positive step towards peace and stability in the region.
US President Donald Trump, welcoming this move of Iran, has thanked Iran for opening the waterway. Trump said that this decision is not only good for the global economy, but it will also help reduce regional tensions. It is worth mentioning that the situation between Iran and the Western countries regarding this waterway has been very delicate for some time now. Trump's statement indicates that new avenues of dialogue between the two countries may open. Trump has considered this move by Iran as positive and gave his response by writing "Thank you" at the end of his post. The Hormuz waterway is considered very important for oil supply worldwide, and its opening is expected to reduce tensions at the international level.