Chinese Supertankers Have Passed Through The Strait Of Hormuz

Global oil prices reacted instantly to the positive signals.

Two Chinese supertankers carrying 4 million barrels of Iraqi oil have passed through the Strait of Hormuz for the first time in a long time. It came amid optimistic statements from Trump and Vance about the proximity of a deal with Iran.

It was reported by Reuters.

What Trump and Vance said

Trump said the war would end "very quickly" and acknowledged Monday he was "an hour away from a decision to attack" but stopped after a new Iranian proposal.

"Iranian leaders are begging for a deal," the president said, adding that a new strike would come in a few days if there was no agreement.

Vice President Vance said at a White House briefing that the United States was in a "pretty good position." He acknowledged the difficulty of negotiations because of the split in the Iranian leadership.

Tankers and Markets

Two Chinese supertankers Yuan Gui Yang and Ocean Lily carrying 4 million barrels of Iraqi oil have left through the strait on the Iranian route.

Brent crude oil fell to $110.16 a barrel after positive signals.

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