Iran’s foreign minister announced Friday that passage for all commercial ​vessels through the Strait ​of Hormuz is completely ​open following a ceasefire agreement reached in Lebanon yesterday, but President Donald Trump said the U.S. naval blockade on Iran will remain in place until a deal with Tehran is struck.

“The Strait of Hormuz is completely open and ready for business and full passage,” Trump wrote on Truth Social. “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.”

Trump said he expects the process to go “very quickly,” adding that most of the points have already been negotiated. He later said Iran with the help of the U.S., has removed or is in the process of removing all sea mines it had placed in the strait.