Iran has announced the reopening of the Strait of Hormuz for all vessels for the next two weeks following a ceasefire announcement by Donald Trump, easing concerns over disruptions to global energy supplies.

Abbas Araghchi said in a statement approved by Iran’s Supreme National Security Council that the decision was taken in coordination with the Iranian military, allowing safe maritime passage through the strategic waterway for a limited period, although technical and operational restrictions will remain in place.

He also thanked Shehbaz Sharif and Asim Munir for what he described as their efforts to help bring the regional conflict closer to resolution.

According to Araghchi, Iran agreed to consider negotiations with the United States following Prime Minister Shehbaz Sharif’s appeal and Pakistan’s proposed 15-point framework, while President Trump had also agreed in principle to elements of Iran’s own 10-point proposal.

He added that Iran’s Supreme National Security Council had decided that if attacks on the country are halted, Iranian armed forces would also suspend defensive operations, signaling a conditional de-escalation linked to the ceasefire framework.

The temporary reopening of the Strait of Hormuz is expected to ease pressure on global energy markets. The waterway normally carries around 20 percent of the world’s oil trade and nearly one-fifth of global liquefied natural gas shipments.

During the disruption, an estimated 10 to 12 million barrels per day of oil supply were affected, pushing physical crude prices close to $150 per barrel at peak levels, while Brent futures briefly crossed $119. Shipping and insurance costs also surged sharply, with fuel shortages and higher transport costs reported across parts of Asia and Europe.