Saudi Tankers Carry 6 Million Barrels of Oil Through Hormuz

AI Summary

Three Saudi supertankers carrying 6 million barrels of oil crossed the Strait of Hormuz, according to data from Kpler. This movement follows a deal signed by President Trump and Iranian President Pezeshkian aimed at reopening the strait. Although over 12 million barrels passed through Hormuz overnight, the U.S. Navy has lifted the blockade, yet Kpler noted that major traffic increases were not observed. Analyst Matt Smith indicated that while some vessels are moving, shipping confidence remains low, with a forecast of 118 tankers potentially exiting within the next 15 days, which is still below pre-war levels.