13,980.41 TRY BIST 100 BIST 100
45.91 USD USD USD
6.82 CNY CNY CNY
53.48 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.75 TRY Interest Interest
93.48 USD Fossil Oil Fossil Oil
6.63 USD Copper Copper
113.36 USD Silver Silver
105.03 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,697.11 TRY Gold (gr) Gold (gr)
105.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Iran has reopened the Strait of Hormuz to passage for two weeks

Iran announced that it would allow passage through the Strait of Hormuz for a period of two weeks as part of the ceasefire.

Iran has reopened the Strait of Hormuz to passage for two weeks

Iranian Foreign Minister Abbas Araghchi stated that maritime traffic will be maintained safely during the ceasefire in coordination with the Iranian military.

In his statement, Araghchi remarked, "Safe passage through the Strait of Hormuz will be possible throughout the ceasefire, in coordination with the Iranian military."

Meanwhile, U.S. President Donald Trump announced that bombing raids and attacks on Iran have been suspended for two weeks. Trump noted that this period would be utilized to finalize a permanent peace agreement.

Emphasizing that the ceasefire would be "reciprocal" in a statement made via social media, Trump highlighted that significant progress has been made in the negotiations with Iran. "I am agreeing to suspend bombing and attacks on Iran for a two-week period," Trump stated. "This timeframe will allow for the finalization of an agreement."

The restoration of safe passage in the Strait of Hormuz, which is of critical importance to global energy and trade, is being closely monitored by the markets.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Railway disruptions in Germany threaten production in the steel industry

Tuesday, June 2, 2026

POSCO Vice President Jeewoo Lim explains the company’s return to full capacity in 135 days following Typhoon Hinnamnor

Tuesday, June 2, 2026

KAM Holding launches investment in a 200,000 ton DRI plant

Tuesday, June 2, 2026

Ben Kinder: Financing remains the biggest obstacle to steel sector decarbonization

Tuesday, June 2, 2026

Worldsteel Open Forum begins in Brussels: Dr. Maryam Golnaraghi warns of early integration and insurance against climate risks

Tuesday, June 2, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now