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This is the world in brief from The Economist.

Our top stories, Iran declared the Strait of Hormuz, quote, completely open to commercial shipping.

Donald Trump confirmed the move on social media, though he said America's

blockade of ships, linked to Iran, would remain in place. Iran has tied the straits reopening

to a fragile sea spire in Lebanon, and passage remains tightly controlled. Energy supplies are

expected to stay under pressure for months.

Oil traders welcomed the announcement. Brent crude fell below $90 a barrel for the first time in

over a month. European natural gas prices dropped by more than 5% while the dollar fell. Gains spread to broader markets,

the SMP 500 climbed 1.2%, having hit record highs earlier in the week, and the NASDAQ 100

extended its winning streak to 13 days. Mr. Trump appears to be taking a direct role in the Lebanese ceasefire,

writing on social media that Israel is, quote, prohibited from bombing Lebanon. He said America

would work with Lebanon to deal with Hezbollah, the Iranian-backed militia. Israeli troops remain in southern Lebanon despite the ceasefire.

Hizbullah's parliamentary bloc said it would respect the truce

but sharply criticise the government for agreeing to it.

OnlyFans is set to sell a minority stake to architect capital,

an American investor, in a deal which values the company at more than $3 billion. The platform, which is best known for its adult content,

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