Oil Tankers Resume Passage Through Hormuz After U.S.-Iran Truce

Crude oil prices fall below $74 a barrel for the first time since early March

Several vessels remained near the Strait of Hormuz on June 18. © Reuters

KENJI ASADA and YUJI OHIRA

NEW YORK/HOUSTON, Texas — Ship traffic through the Strait of Hormuz began resuming the day after the U.S. and Iran signed a memorandum of understanding to halt the war, with at least six oil tankers confirmed to have passed through the strategic waterway.

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