Indonesian Political, Business & Finance News

Liberia-Flagged Ship First to Pass Through Strait of Hormuz After Ceasefire Agreement

| | Source: MEDIA_INDONESIA Translated from Indonesian | Economy
Liberia-Flagged Ship First to Pass Through Strait of Hormuz After Ceasefire Agreement
Image: MEDIA_INDONESIA

Ships have started passing through the Strait of Hormuz after the two-week ceasefire agreement between the United States and Iran, according to real-time vessel tracking firm MarineTraffic. The Liberia-flagged cargo ship Daytona Beach departed from Iran’s Bandar Abbas port at 08:28 Turkish time and crossed the Strait of Hormuz at 09:59. On Wednesday evening (8/4), the vessel was in the Gulf of Oman, with its destination listed as Fujairah port in the United Arab Emirates. The Greek-owned cargo ship NJ Earth also transited the strait at 11:44 local time. The conditional ceasefire, agreed upon by US President Donald Trump after multiple threats, also includes Israel. Following US and Israeli strikes on Iran on 28 February, and Iran’s retaliatory attacks on several regional countries that worsened the conflict, President Trump announced acceptance of the ceasefire at 01:30 on 8 April 2026. Trump stated that they had agreed to a two-week ceasefire on the condition that the Strait of Hormuz be opened, that they had accepted Iran’s 10-point proposal, and that this forms a viable basis for negotiations. Iran’s Supreme National Security Council, which declared that “Iran has achieved its objectives in this war,” also announced that the next goal is to finalise negotiations in Islamabad within a maximum of 15 days. The conditional two-week ceasefire agreed by US President Donald Trump with Iran has provided a positive buffer for the rupiah exchange rate after it had weakened. The reopening of the Strait of Hormuz following the US-Iran ceasefire agreement; Indonesia’s Foreign Ministry states the importance of freedom of navigation in accordance with international law. Several leaders in the Asian region have welcomed the announcement of the two-week ceasefire between the United States and Iran positively. Apindo Chairman Shinta Widjaja Kamdani assessed that the two-week ceasefire between the United States (US) and Iran has not yet fully restored investor confidence. US Vice President JD Vance stated that the military mission in Iran is nearly complete and the war will soon end after achieving Washington’s strategic objectives. The ceasefire between the United States and Iran has impacted the strengthening of the rupiah’s value. At the close of trading on Wednesday (8/4), the rupiah strengthened by 93 points or 0.54 percent.

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