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The Trump administration made the announcement hours after Iran said that the Strait of Hormuz was open to commercial ships.
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President Trump told a crowd of supporters that the price of oil and gas was coming down, part of an effort in recent days to present a rosier picture of the nearly two-month-long Iran war.
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Live Updates: Trump says U.S. will continue blockade after Iran says Strait of Hormuz "completely open" CBS NewsOil prices plunge after Iran says Strait of Hormuz open for commercial shipping traffic Fox BusinessStock market today: Dow climbs 800 points, S&P 500 and Nasdaq surge as Iran says Strait of Hormuz 'completely open' Yahoo Finance
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