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Reports: Ships Begin Moving Through Strait of Hormuz

Breitbart
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The US and Iran concluded an agreement to address the regional conflict, with the US withdrawing its naval blockade while Iran reopened the Strait of Hormuz to global shipping. Commercial vessels will operate without fees for 60 days under the terms, after which Iran intends to establish maritime charges to fund waterway operations. Markets have reacted positively, with approximately 80 million barrels of crude oil waiting to transit the previously closed shipping route.

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Shipping traffic is reportedly beginning to move through the Strait of Hormuz, which Iran promised to reopen without tolls or ransoms as part of its ceasefire deal with the United States.

The post Reports: Ships Begin Moving Through Strait of Hormuz appeared first on Breitbart. ...

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