Ships continued to pass through the Strait of Hormuz after the Ever Lovely was struck near Oman, while Iran warned vessels not to use routes it has not approved. The dispute has become a key test of the U.S.-Iran memorandum of understanding on safe passage through the waterway.
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Oil tankers used a U.N.-recommended route near Oman to leave the Persian Gulf despite Iran’s warning that unauthorized crossings of the Strait of Hormuz are prohibited. The crossings come amid U.S.-Iran disputes over control, fees and traffic rules under a temporary reopening agreement.
Trump has declared the Strait of Hormuz open and safe under a pending U.S.-Iran agreement, but shippers say they need proof that vessels can transit without danger. Ship-tracking data shows only limited movement as concerns persist over security, mines and possible fees.
Oil prices dropped after Trump announced an initial US-Iran deal to reopen the Strait of Hormuz, but shipping, insurance and mine-clearing hurdles could delay a return to normal. Analysts warn energy, fertiliser and consumer prices may remain under pressure for months.
British forces seized the tanker Smyrtos in the English Channel during a six-hour operation targeting Russia’s sanctions-evading shadow fleet. The UK says the vessel will be held and monitored off England’s south coast while investigations continue.