Tankers Test Hormuz Passage as Ceasefire Deadline Looms ...Middle East

As the end of the U.S.-Iran ceasefire nears, another tanker has tried to pass the Strait of Hormuz, along with two cargo vessels, according to a Bloomberg report that noted the U.S. Navy had so far made two Iranian vessel seizures in the area. Only one of the vessels—a container ship—carries the Iranian flag. One of the others is sailing under a Ghana flag, and the tanker has no identified owner. It appears that all three have traversed the Strait of Hormuz and are heading into the Gulf of Oman. Meanwhile, oil prices dropped today on…

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