In an apparent sign that Tehran blinked first in the blockade showdown between Iran and the US, the two sides announced on Friday that the Strait of Hormuz was open and operational after nearly seven weeks that has blocked hundreds of ships and sent energy prices soaring worldwide. “IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!,” US President Donald Trump said on social media, using an unofficial name for the strategic waterway. Iranian...