In recent days, Iran has twice attacked vessels going through a route on the Omani side of the strait backed by a United Nations agency.

Oil prices dipped further Friday, despite conflicting interpretations of the interim U.S.-Iran deal and a slowdown in traffic through the strait.

Oil markets wobble as Iran tightens its grip on the Strait of Hormuz

US forces struck Iranian missile and drone sites following an attack on a cargo ship in the Strait of Hormuz, jeopardising a recent interim peace deal. Meanwhile, Israel and…

The MOU was first tested on Thursday, when Iran fired on a commercial in the Strait of Hormuz, triggering retaliatory strikes from the U.S.