US Vice President J.D. Vance said that the first oil tankers passed through the Strait of Hormuz on the night of June 18. This happened hours after the United States signed the peace agreement with Iran.
“About 12.5 million barrels of oil passed through the Strait of Hormuz overnight,” Vance said. According to him, this is the highest number since the start of the American war with Iran.
At the same time, oil prices fell to pre-war levels. Futures prices for benchmark Brent crude fell below $78 per barrel, the lowest level since the war began on February 28. He writes Reuters.
US Central Command at the same time AnnounceWho lifted the blockade on Iranian ports.
The Strait of Hormuz is critical to global trade. Before the war, a fifth of the world’s oil supplies passed through it. In light of the fighting, Brent crude prices rose to $120 per barrel.
