Oil Tankers Exit Strait of Hormuz as Trump and Vance Signal Optimism on Iran Deal
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Shipping data showed two Chinese oil tankers sailed out of the Strait of Hormuz on the 20th, a move seen as a glimmer of hope for resolving the US-Iran conflict after positive comments from President Trump and VP Vance. Trump stated the war could end "very quickly" a day after pausing planned hostilities following a new peace proposal from Tehran. However, he faces domestic pressure to reopen the strait amid high gas prices and has threatened new attacks if a deal is not reached.