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Vance says 12.5 million barrels oil moved as Iran deal enters 60-day phase
Oil flow through the Strait of Hormuz has surged to its highest point since late February. This follows a new US-Iran agreement entering a 60-day implementation phase. The US Navy has permitted ships access to Iranian ports, signaling adherence to the deal's initial military provisions. Final negotiations will shape future terms. Iran has not attacked ships, easing market concerns.
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al-monitor.com
U.S. officials says Iran pact signed, Hormuz traffic will rise significantly
WASHINGTON, June 15 (Reuters) - The United States and Iran have signed a memorandum of understanding to settle a near four-month war, senior U.S. officials said on Monday, adding…
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cnbc.com
How the Strait of Hormuz reopening could unfold if the U.S.-Iran deal is implemented
Tanker traffic through Hormuz could quickly increase but it is unclear whether transits will approach prewar levels, according to Kpler.
