Iranian cargo and oil tankers transit Hormuz after US lifts blockade

“Iranian cargo and oil tankers transit Hormuz after US lifts blockade At least three Iranian oil tankers and two cargo vessels have transited the Strait of Hormuz following the US announcement that it would remove its naval blockade as part of the agreement reached with Tehran, according to Iranian state-affiliated media. Press TV reported that the vessels passed through the strategic waterway after the deal was announced, while the semi-official Fars News Agency said a very large crude carrier was among the ships heading towards Iranian ports. The Strait of Hormuz handles a significant share of global oil and liquefied natural gas shipments, and markets have closely monitored signs that traffic is beginning to recover following the US-Iran accord. Oil prices fell sharply after the agreement was announced, reflecting expectations that shipping flows through the waterway will normalise.

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