U.S. President Donald Trump has announced the full reopening of the Strait of Hormuz, a vital global shipping lane. He stated the waterway will be accessible to all vessels starting Friday, and crucially, without imposition of transit fees. This decision effectively removes potential costs for ships passing through the strait, impacting international trade. The announcement follows a period of heightened tensions in the region, particularly concerning maritime security. While the reasoning behind the decision wasn’t detailed, it signals a shift in U.S. policy regarding the strait’s access. The Strait of Hormuz connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, and is critical for global oil supply. The move is expected to be welcomed by international shipping companies and countries reliant on the route.