Real-time data showed a small number of vessels sailing through the waterway, though others turned around. Tehran appears to be steering ships through its waters, and a US Navy blockade remains in place.

Iran's foreign minister says the Strait of Hormuz is 'completely open' to commercial ships for the remainder of the ceasefire.

Iran said it has opened the Strait of Hormuz and President Trump said the regime is very close to making a deal. He told CBS News' Weijia Jiang that Iran had agreed to virtually everything the U.S. pushed for when the war started.

U.S. President Donald Trump and Iran’s foreign minister said Friday that the Strait of Hormuz is fully open to commercial vessels. Iran’s top diplomat Abbas Araghchi said the strategic waterway “is declared completely open,

US President Donald Trump welcomed Tehran's announcement but said the US naval blockade would continue until a peace deal was reached.

Oil prices dropped over 10% after Iran's foreign minister announces the Strait of Hormuz is open to commercial traffic for the Israel-Lebanon ceasefire.

The dueling blockades in the Strait of Hormuz lurched into uncharted waters on Saturday. The United States pressed ahead with its campaign to choke off Iranian ports and Iran reversed an initial move to reopen the waterway,

The outlines of an agreement began to emerge that would provide Iran with a major strategic victory — and a potential financial windfall — allowing the Islamic Republic to leverage its control over the Strait of Hormuz to exact significant concessions from the United States and its ally Israel as Trump presses for a swift end to the conflict.