Two Iranian crude oil tankers exited the U.S. blockade of the Strait of Hormuz on Wednesday, June 17th. The vessels’ movement was identified using a tracking website and confirmed using satellite data.
A third ship was later identified as having made the same journey. The safe passage of all three tankers is seen as having been made possible by the existence of a Memorandum of Understanding (MoU) formally ending the war between Iran and the United States, which began on February 28th this year.
More precisely, it appears that the MoU has prompted a ceasefire in the run-up to further peace talks. According to U.S. president Donald Trump, the document itself is set to be made public on Friday, June 19th.
The TankerTrackers website—an independent monitor of oil shipments and storage—announced Iran’s “first crude oil exports in two months.” A drop in world oil prices coincided with the news.
