Iranian oil tankers are now sailing through a US blockade. This follows a deal to reopen the Strait of Hormuz. Three tankers carrying five million barrels of oil have passed. Another empty tanker is heading towards the Gulf of Oman. This signals a return of Iranian oil to global markets. Global oil prices have fallen on expectations of more supply.

Iran's Tasnim News Agency claims three oil tankers crossed the US naval blockade in the Strait of Hormuz, raising questions about enforcement and oil market

At least three Iranian oil tankers and two cargo vessels have transited the Strait of Hormuz following the US announcement that it would remove its naval blockade as part of the…