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#oil-markets

2 stories tagged

Oil tanker exodus from Hormuz gathers pace as Iran-US deal eases Gulf bottleneck

Three tankers carrying 5 million barrels of crude have exited the Strait of Hormuz, with two bound for Asia, as an interim Iran-US deal gradually releases oil supplies stuck in the Persian Gulf amid regional tensions.

By Rajesh Kumar · 24 Jun 2026 · 4 min read

Hormuz Shipping Resumes as US-Iran War Deal Takes Hold, Though Regional Tensions Persist

An interim ceasefire between the United States and Iran has taken effect, allowing oil tankers to resume normal passage through the critical Strait of Hormuz. However, ongoing Israeli military operations in Lebanon threaten the fragile agreement's durability.

By Rajesh Kumar · 19 Jun 2026 · 5 min read

Oil tanker exodus from Hormuz gathers pace as Iran-US deal eases Gulf bottleneck

Hormuz Shipping Resumes as US-Iran War Deal Takes Hold, Though Regional Tensions Persist

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