Iranian tankers recently sailed through Strait of Hormuz despite US blockade

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A tugboat moves cargo towards the Strait of Hormuz off the coast of Musandam province, Oman, July 20, 2018
A tugboat moves cargo towards the Strait of Hormuz off the coast of Musandam province, Oman, July 20, 2018
(photo credit: HAMAD I MOHAMMED/REUTERS)

While US President Donald Trump has recently hailed the resumption of oil flows from Gulf allies, Iran, too, appears to be gearing up to resume exports and trading.

At least three tankers carrying some five million barrels of Iranian oil have sailed through the US naval blockade this week, shipping data shows, despite the US military saying its operations against Iran-linked shipping will stay in place until Friday.

The oil market has focused on a deal to end the Iran war which Trump announced on June 14 and is scheduled to be signed on Friday in Switzerland.

"The Deal with the Islamic Republic of Iran is now complete," Trump wrote on his Truth Social platform on Sunday. "Ships of the World, start your engines. Let the oil flow!"

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