However, US President Donald Trump said the naval blockade on Iranian ships and ports “will remain in full force” until a deal is reached to end the war.
Oil plunges by over 10%, stocks jumps as Iran declares Hormuz open
"This is the biggest development so far during the ceasefire, and it gives hope that the war will end soon, and supply chains will return to some normality," said an analyst.
Chinese travellers hit by wave of Southeast Asia flight cancellations, Singapore routes affected amid fuel crisis
Chinese holidaymakers heading abroad for the Labour Day break in May are scrambling to rebook plans as several airlines cancel flights to Southeast Asia amid a fuel crisis driven by the Iran war.
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