First oil tankers leave Gulf following US-Iran ceasefire
Three supertankers transited the Strait of Hormuz on Saturday, according to shipping data. These are reportedly the first vessels to leave the Gulf since the US-Iran ceasefire agreement, while peace talks are simultaneously taking place in Pakistan. Access to the Strait of Hormuz is a critical shipping route through which approximately 20% of the world's oil and liquefied natural gas flows.