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.

Oil prices have fallen and Asian stock markets have risen. President Donald Trump has paused military strikes, sparking hopes for a deal to end the conflict. This development…

Heavily laden vessels bound for Chinese ports navigated the tense maritime chokepoint, as Tehran rolled out a new military-backed authority to manage the waterway