Stocks surge as Strait of Hormuz opens to international shipping

Here is a rewritten version of the news article in a neutral newsroom style:

Iran has declared the Strait of Hormuz open for shipping, following a deal with the US. The declaration was made by an Iranian official, who stated that ships crossing the strait would need permission from the Islamic Revolutionary Guard Corps (IRGC) to do so.

As a result, oil prices have plummeted more than 10% due to concerns about potential disruptions to global supply chains. In response, US stocks have surged, with major indices reaching new highs.

The deal is part of an agreement between Iran and the US that includes unfreezing funds previously frozen by the US government. The terms of the agreement were not disclosed.

In a separate development, President Trump has made a claim about Iran’s nuclear capabilities, stating that the country has developed a nuclear program. However, details of this claim have not been released.

The Iranian official also stated that ships crossing the Strait of Hormuz would need permission from the IRGC to do so, as part of the agreement with the US. This move is seen as an effort to reassure shipping companies and investors about the safety of the strait.

The declaration by Iran has sparked a mixed reaction from global markets, with some analysts expressing concerns about potential disruptions to oil supplies while others see it as a positive development for trade and commerce.

Source: Google News World