Traffic through the strait remains almost non-extant. AlamyInfoUS President Donald Trump says latest round of talks with Tehran to begin today
Oil prices dropped sharply on optimism that the US and Iran may reach a deal to reopen the Strait of Hormuz.
President Donald Trump paused a planned military strike on Iran following appeals from Saudi Arabia, the UAE, Qatar and Iran.
Brent crude rose 5.09 per cent to $83.51 a barrel, while West Texas Intermediate dropped 5.67 per cent to $79.87 a barrel.
The Strait of Hormuz remains largely closed, with tankers still being attacked and forced to turn back.
