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Strait of Hormuz ‘effectively closed’ even after Iran announcement – report (USO:NYSEARCA)

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Apr 17, 2026, 2:59 PM ETUnited States Oil Fund LP ETF (USO), BNO, ITAUCO, DBO, UNG, USL, UNL, BOIL, OILK, SP500, CO1:COM, CL1:COMBy: Max Gottlich, SA News Editor
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Satellite view of the Strait of Hormuz with white graphic lines representing global shipping lanes and maritime traffic between the Persian Gulf and Gulf of Oman. Strategic oil transport concept

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Despite Iran’s announcement earlier Friday that the Strait of Hormuz has reopened, commodities-data agency Kpler said that the critical waterway “remains effectively closed,” according to a media report.

Most shipping organizations continue to classify the strait as too unsafe for

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