Traffic through the Strait of Hormuz appeared to thin early on Friday, just a day after a burst of oil flows through the waterway as the US and Iran vowed to lift a dual blockade.
Traffic through the Strait of Hormuz appeared to thin early on Friday, just a day after a burst of oil flows through the waterway as the US and Iran vowed to lift a dual blockade.
In this picture obtained from Iran's ISNA news agency on June 18, 2026, vessels are seen anchored in Bandar Abbas along the Strait of Hormuz. Oil prices tumbled after Trump and his Iranian counterpart separately signed their accord to end the Middle East war, with the Strait of Hormuz to reopen but two months of negotiations lying ahead. (Photo by AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images) /
Supertankers laden with almost 80 million barrels of oil are sitting in the Persian Gulf and ready to cross the Strait of Hormuz at a moment’s notice, if traders and shipowners give the go-ahead.
Supertankers laden with almost 80 million barrels of oil are sitting in the Persian Gulf and ready to cross the Strait of Hormuz at a moment’s notice, if traders and shipowners give the go-ahead.