Iran permits 20 additional oil tankers through Strait of Hormuz. President Trump announced Sunday that Iran has agreed to allow 20 more tankers through the critical Persian Gulf transit route beginning Monday, describing the move as a sign of respect. The announcement comes as Trump claims negotiations with Iran over ending the conflict are progressing extremely well. Pakistan's Foreign Minister confirmed Iran agreed to permit 20 Pakistani-flagged vessels at a rate of two per day. The Strait of Hormuz handles approximately 20 percent of global oil and liquefied natural gas supplies. Since the U.S. and Israel attacked Iran on February 28, the country has nearly closed the waterway, pushing Brent crude futures to $116 per barrel early Monday, up significantly from $72 before the conflict began.
