Two Chinese tankers laden with oil passed through the Strait of Hormuz on Wednesday, shipping data showed, brightening hopes that the regional conflict may soon be resolved despite the warring sides continuing to trade threats.

Two Chinese tankers laden with oil exited the Strait of Hormuz on Wednesday, shipping data showed, brightening hopes that the US-Israeli conflict with Iran

Supertankers to South Korea and China move through the Strait of Hormuz, signaling tentative progress in US-Iran diplomacy and a possible stabilisation of energy markets.