Tanker Traffic Resumes Through Strait of Hormuz After U.S.-Iran Memorandum

U.S. signed a 14-point memorandum. Saudi supertankers carrying millions of barrels of crude have started moving again through the strait.

Com reported that commercial confidence remains fragile because insurers and shipowners are still assessing whether the security situation is stable enough to normalize operations. The mines can be cleared, but without any guarantees that are hoped for from the 60-day negotiation process that now starts, it may be premature, the report said.

The memorandum commits both sides and their allies to end military operations on all fronts, including Lebanon.

Israeli forces remain in a security zone in southern Lebanon, and Israeli strikes in southern Lebanon have not fully stopped. Iran is warning that continued Israeli occupation could amount to an annulment of the agreement. com reported.

U.S. ” He also announced a six-month review of the American military footprint in Europe. com.