Oil Tanker Traffic in Hormuz Reaches 20 After U.S.-Iran Deal

AI Summary

At least 20 oil tankers have crossed the Strait of Hormuz since the U.S. and Iran reopened the sea lane to commercial ship traffic, as reported by trade intelligence firm Kpler. Traffic on Thursday hit the highest level since June 2, although it remains below pre-war levels where over 100 ships transited daily. A total of 25 ships crossed Hormuz that day, including supertankers that can carry up to 2 million barrels of oil. U.S. Vice President JD Vance stated that Iran is currently honoring the agreement to allow toll-free crossings for a 60-day period, raising future governance questions for the strait.