Iranian tankers exit U.S. blockade ahead of deal signing (opens original article in a new tab)

Iranian tankers left the U.S. blockade in the Strait of Hormuz ahead of a U.S.-Iran deal signing in Geneva, with the agreement expected to reopen the waterway and ease sanctions on Iranian oil sales.

• At least three Iranian tankers exited the U.S. Navy blockade in the Strait of Hormuz with nearly five million barrels of crude oil
• U.S. and Iran signed a Memorandum of Understanding to end the four-month war with a formal signing in Geneva on Friday
• Insurers demand solid evidence of safety before lowering war-risk premiums for the Strait of Hormuz