Traffic through the Strait of Hormuz is inching back to pre-war levels, as the administration announced more than 12.5 million barrels transited last night.

Oil futures traders appear to be the most confident they have been in months that the Strait of Hormuz could fully reopen in a matter of days.

Around 500 vessels, including 220 oil tankers, remain in the Persian Gulf near the entrance to the Strait of Hormuz awaiting safe passage

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…

Vice President JD Vance said the U.S. Navy has allowed more than a dozen ships through the Iranian ports as Iran honors the agreement.

Traffic through the Strait of Hormuz is inching back to pre-war levels, as the administration announced more than 12.5 million barrels transited last night.

US Central Command confirmed that 55 commercial ships passed through the Strait of Hormuz on June 20, despite Iran’s announcement of a closure.

US Energy Secretary Chris Wright refused from anticipating when gasoline prices in the United States will go down but suggested that this will happen regardless of the US-Iran…