As part of the ceasefire agreements with the U.S., Iran will allow the passage through the Strait of Hormuz of no more than 15 vessels per day. This was reported by TASS, citing an unnamed high-ranking Iranian source.
The Strait of Hormuz is a strategically important waterway approximately 34 kilometers wide between Iran and Oman, connecting the Persian Gulf with the Indian Ocean. A significant portion of global oil supplies, as well as other vital cargoes including fertilizers, passes through it.
It is estimated that about one-fifth of global oil supplies are transported via this route, making any restrictions on vessel movement a key factor for global energy markets.
Since the beginning of the conflict in late February, Iran has significantly restricted tanker movements, leading to a sharp rise in global oil prices and increased concerns among market participants. The new transit conditions are expected to partially stabilize the situation, but they maintain strict limitations on the volume of shipments.
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