The ceasefire with Iran is subject to what President Trump called the "complete, immediate and safe opening" of the Strait of Hormuz, which on Wednesday, Iran said is closed. The White House said those claims are…
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The ceasefire with Iran is subject to what President Trump called the "complete, immediate and safe opening" of the Strait of Hormuz, which on Wednesday, Iran said is closed. The White House said those claims are false. Weijia Jiang reports.
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The US president accused Iran of "doing a very poor job" with the waterway as Israel and Lebanon to begin peace talks.
The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel.
Traffic through the Strait of Hormuz has remained at an effective standstill in the 24 hours since Iran conditionally lifted its blockade on the critical shipping lane, amid a fragile ceasefire with the US and Israel.
Fewer tankers pass through crucial waterway than during fiercest days of fighting despite US-Iran ceasefire deal
Only about a dozen ships passed through the Strait of Hormuz in the first two days of the ceasefire, far below normal traffic levels before the war, data shows. Grouped from 22 articles across 11 sources.
Traffic through the Strait of Hormuz has yet to see a meaningful rebound and this could continue for weeks, warn shipping experts.