Oil tanker convoy passes through reopened Strait of Hormuz as Iran lifts blockade

A convoy of oil tankers has departed the Persian Gulf through the Strait of Hormuz after Iran reopened the critical waterway during a ceasefire with the United States. The strategic strait, which handles about one-fifth of global oil traffic, had been blocked by Iranian forces in recent tensions. Global markets are closely monitoring developments as the reopening could significantly impact worldwide energy supplies and oil prices. The temporary truce between Iran and the US appears to have eased immediate concerns over shipping disruptions in one of the world's most important oil transit routes.