First Oil Tankers Cross Strait of Hormuz Following U.S.-Iran Pact
The first commercial oil tankers successfully transited the Strait of Hormuz, officially ending a crippling maritime blockade.
Ship-tracking data confirmed that three Saudi-flagged supertankers carrying six million barrels of crude oil navigated the vital chokepoint just hours after the implementation of the new U.S.-Iran memorandum of understanding.
The sudden reopening triggered an immediate reaction on global energy markets, sending oil prices tumbling below $78 a barrel.
While commercial vessels have begun broadcasting their locations to restore normal trade flows, international shipping firms warn that a full return to pre-war traffic volumes will be a slow process as crews work to ensure safe passage and clear active sea mines from the narrow waterway.
