Oil tanker crosses Hormuz after war deal ends

After an agreement was signed between the United States and Iran to reopen the Strait of Hormuz, only one liquefied natural gas carrier out of many held has passed through. Shipping companies still avoid fully transiting the strait due to the presence of mines and caution. Oil prices declined by about 4%, amid expectations of increased freedom of navigation in the coming weeks, while businesses remain cautious and are awaiting more details.

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