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Reports confirm that gigantic Iranian oil tankers have crossed the American blockade area just before an agreement was signed between Washington and Tehran. This deal is expected to open the Strait of Hormuz and bring an end to the war, with a total of 3.8 million barrels of oil having been transported since the blockade was imposed two months ago. This comes concurrently with an announcement from the Iranian government that the blockade has been lifted prior to the signing of a memorandum of understanding, which will be signed in Switzerland, aimed at fully opening the strait and initiating negotiations that will last for two months. This agreement is expected to have a significant impact on global oil supplies and energy markets.
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