Gas tanker transits Hormuz after US-Iran deal
A gas tanker belonging to the Indian company Petronet crossed the Strait of Hormuz today, Monday, as the only vessel passing since the signing of an American-Iranian agreement to reopen the strait. This reflects the ongoing caution of shipping companies, which are awaiting more details, including the removal of mines, before resuming broader transit operations. Global oil prices declined by about 4% amid expectations of the announcement of a memorandum of understanding between Washington and Tehran to determine steps for resuming shipping through the strait.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)