New Delhi, April 17 -- Hours 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 per cent completed.

Trump issued the warning in a post on Truth Social on Friday and wrote, "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."

His remarks came after Araghchi announced the opening of the Strait ...