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Iran Allows Merchant Passage in Hormuz Strait, Accepts US Conditions
Iran Allows Merchant Passage in Strait of Hormuz
Iran has announced it will permit merchant vessels to pass through the Strait of Hormuz, facing significant economic pressure. US President Trump had previously declared that all nations' merchant ships could freely navigate the strait, asserting it would "never close." However, Trump added that a blockade of Iranian ports within the strait would remain in effect until Iran officially accepted US conditions and signed an agreement.
Iran's Economic Collapse and Acceptance of US Conditions
The US severely impacted Iran's economy by blocking 19 vessels from entering or leaving Iranian ports. Iran, heavily reliant on oil sales to China, experienced no revenue for five days due to these actions. Furthermore, the US Treasury Department imposed a comprehensive blockade on all financial transactions related to Iran by global financial institutions and froze Iranian deposits. The 'Iran War,' ongoing since February 28, 2026, pushed the Iranian economy to the brink of collapse, ultimately leading Iran to accept the six US conditions. This development is seen as Iran's acceptance of the "Unconditional Surrender" demanded by President Trump at the war's outset.
*Source: 蕃新聞 (2026-04-18)*
