New Delhi, April 17 -- Shortly after Iranian Foreign Minister Abbas Araghchi on Friday announced that the Strait of Hormuz has been declared completely open, US President Donald Trump said the naval blockade will remain in place until the US-Iran transaction is 100% completed.

Trump issued the warning in a post on Truth Social on Friday. "The Strait of Hormuz is completely open and ready for business and full passage, but the naval blockade will remain in full force and effect as it pertains to Iran only, until such time as our transaction with Iran is 100% complete. This process should go very quickly in that most of the points are already negotiated," he wrote.

The US president's remarks came after Araghchi announced the opening of th...