Oil tankers have begun transiting the Strait of Hormuz following a recent peace agreement between the United States and Iran. The resumption of traffic is proceeding cautiously amid ongoing security concerns. At least five Iranian vessels – three oil tankers and two cargo ships carrying essential goods – have passed through the strait after the US announced the lifting of its naval blockade. The move follows an agreement to end hostilities and reopen the crucial waterway, which previously handled approximately 20% of global oil traffic. Former President Donald Trump stated the route is now secure. Shipping companies and insurers anticipate improved safety for vessels after the formal peace agreement signing scheduled for Friday in Switzerland.