Traffic flows through Hormuz as U.S.-Iran deal takes effect, questions remain

Live updates

1. 11h ago

   U.S. Lifts Iran Blockade as Tankers Return to Strait of Hormuz

   The U.S. lifted its blockade on Iran on Thursday following an interim deal to end the war. Oil tankers have resumed sailing through the Strait of Hormuz. However, unresolved issues persist between the two nations.

   What's confirmed:

   • The United States lifted its blockade on Iran on Thursday.
   • Oil tankers have resumed sailing through the Strait of Hormuz.
   • An interim deal to end the war has taken effect.
   • Key issues remain unresolved between the U.S. and Iran.
   • Oil prices hit their lowest level since March 2.

   Still unconfirmed:

   • Khamenei signaled that upcoming talks will not be easy.
   • The Israeli military conducted deadly strikes in Lebanon after planned U.S.-Iran talks in Switzerland were cancelled.
   confidence 95%
2. 3d ago

   Oil Tankers Resume Transit Through Strait of Hormuz After U.S.-Iran Deal

   An interim deal between the U.S. and Iran to end the war has taken effect, leading the U.S. to lift its blockade on Iran. Oil tankers have resumed sailing through the Strait of Hormuz after 111 days of gridlock. While oil prices have dropped, questions remain regarding the future governance of the sea lane.

   What's confirmed:

   • The U.S. and Iran signed an interim deal to end the war.
   • The U.S. lifted its blockade on Iran on Thursday.
   • Oil tankers have resumed sailing through the Strait of Hormuz after 111 days of gridlock.
   • Oil prices have fallen to 3-month lows.
   • Brent oil is trading at prewar prices.
   • Gasoline prices have fallen below $4.

   Still unconfirmed:

   • Oil prices will stay volatile for months regardless of the deal.
   confidence 95%