Convoy of oil tankers passes through Strait of Hormuz, vessel tracking data shows after Iran threatened to shut waterway again if US blockade continues
A convoy of oil tankers has passed through the Strait of Hormuz despite Iran's threat to shut the waterway if the US continues its blockade. The development has lifted stock markets and prompted optimism in Washington, with President Donald Trump saying a broader US-Iran peace deal is 'very close'.
A convoy of oil tankers has passed through the Strait of Hormuz, vessel tracking data shows. Iran had declared the waterway 'completely open' but warned it could shut it again if the US continues its blockade of Iranian ports. The Strait of Hormuz is a key global trade artery, with about a fifth of the world's crude oil and liquefied natural gas passing through it. US forces have directed 21 ships to turn around since the blockade began, prompting Iran to threaten a response. Despite the discord, Pakistani leaders pushed for the warring sides to finalize an agreement to end the conflict. President Trump said a deal was 'very close', but later reiterated that the US naval blockade would remain if a peace deal is not reached.
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