While U.S. 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
While U.S. 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 U.S. naval blockade this week, shipping data shows, despite the U.S. 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!"
Iran's deputy foreign minister said a more expansive agreement would be negotiated during a 60-day ceasefire period.
"The gap between the announcement and the expected signing on June 19 gives both sides scope for issuing conflicting statements on the agreement," said Torbjorn Soltvedt, principal Middle East analyst at risk intelligence company Verisk Maplecroft.
In terms of ship movements, the Hero II and Diona, very large crude carriers carrying 2 million barrels of
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