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Traffic flows through Hormuz as US-Iran deal takes effect, questions remain

Ship traffic has increased in the Strait of Hormuz following an interim agreement between the U.S. and Iran to end the war. The United States lifted its blockade on Iran on Thursday. This conflict had previously restricted global oil supplies.

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What changed

Current reports confirm oil prices have reached their lowest level since March 2.

Live updates

  1. Oil Tankers Resume Transit Through Strait of Hormuz Under US-Iran Deal

    Ship traffic has increased in the Strait of Hormuz following an interim agreement between the U.S. and Iran to end the war. The United States lifted its blockade on Iran on Thursday. This conflict had previously restricted global oil supplies.

    What's confirmed:

    • Oil tankers are sailing through the Strait of Hormuz.
    • The United States lifted its blockade on Iran on Thursday.
    • An interim deal to end the war has been signed by the U.S. and Iran.

    Still unconfirmed:

    • Oil prices are at their lowest level since March 2.
    confidence 100%

  2. Tankers Return to Hormuz as US and Iran Begin Detailed Talks

    The United States lifted its blockade on Iran on Thursday following an interim peace agreement. Oil tankers have resumed transit through the Strait of Hormuz. New negotiations regarding the deal's details have started in Switzerland.

    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 between the US and Iran has taken effect.

    Still unconfirmed:

    • Israel's ongoing war against Hezbollah in Lebanon may jeopardize the stability of the agreement.
    • President Donald Trump is threatening Iran during the Swiss negotiations.
    confidence 90%

  3. US-Iran Interim Deal Reopens Strait of Hormuz as Energy Markets React

    An interim agreement to end the war between the United States and Iran has taken effect, leading the US to lift its blockade on Iran. Oil tankers have resumed sailing through the Strait of Hormuz, causing oil prices to drop. However, key issues remain unresolved and regional fighting in Lebanon creates uncertainty about the deal's stability.

    What's confirmed:

    • The United States lifted its blockade on Iran on Thursday as an interim deal to end the war took effect.
    • Oil tankers have resumed sailing through the Strait of Hormuz.
    • Oil prices dropped to their lowest level since the war began on February 28.
    • The Strait of Hormuz handles about one-fifth of global oil supply.
    • Key issues between the US and Iran remain unresolved.

    Still unconfirmed:

    • The memorandum of understanding pledges 60 days of toll-free shipping in the Strait of Hormuz.
    • The deal grants negotiators 60 days to resolve disputes over Iran.
    • President Donald Trump stated the Strait of Hormuz will be completely open for shipping traffic by Friday.
    • Fighting in Lebanon postponed Iran-U.S. talks in Switzerland.
    confidence 90%