Oil Tankers Return to the Strait of Hormuz After U.S.-Iran 14-Point Memorandum

The U.S. and Iran have signed a 14-point memorandum that lifted a naval blockade in the Strait of Hormuz, allowing tankers — including Saudi supertankers — to resume transits. Shipping companies and insurers remain cautious about route security, with fighting in Lebanon ongoing and Israel saying it will keep troops in a security zone in southern Lebanon. Iran has warned that continued Israeli occupation could void the agreement. Separately, the U.S. is pushing to link Venezuela’s Loran gas field with Trinidad’s LNG facilities to strengthen an Atlantic gas export corridor.