The U.S. has allowed oil sales via a Memorandum of Understanding, with oil flowing through the Strait of Hormuz.
4 reports, 4 independent
Updated Jun 18
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What happened
The U.S. has allowed oil sales via a Memorandum of Understanding, with oil flowing through the Strait of Hormuz.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.The agreement allows Iranian oil exports and reconstruction fund.1 source
Deal opens Strait of Hormuz for oil flow, addressing sanctions and oil flow.1 source
- Shipment increases affect regional economy as a 60-day ceasefire deal is agreed upon amidst conflict impacting oil and gas flows through the Hormuz Strait.Sub-event
US allows oil sales via MOU, facilitating flow through Strait of Hormuz.1 source
Keep exploring
Part of
Potential role of Donald Trump in facilitating the resumption of the Strait of Hormuz, alongside tentative agreements on nuclear programs and peace deal disagreements.Also in this story
- Macron hosted Donald Trump at Versailles to discuss Russia's exclusion following the 2014 annexation of Crimea.
- An LNG tanker passed through the Strait of Hormuz, while Donald Trump commented on the movement of ships through the strait.
- US military strike near Strait of Hormuz amid West Asia tensions, involving India and the US seeking energy partnership.
- Potential peace deal offers investment fund access.
The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Hormuz
city in Hormozgan Province, Iran
Related events
- An agreement has been reached ending the conflict and allowing oil flow through the Strait of Hormuz.
- Oil flows through the Strait of Hormuz as geopolitical risks in the Middle East affect oil prices, with Iraq ready to resume production.
- Geopolitical events led to an announced agreement to open the Strait of Hormuz, impacting oil prices and involving Mobil.
- Geopolitical tensions are causing disruptions in the Strait of Hormuz, leading to oil price surges and impacting global commodity markets.
- US covertly moved oil tankers through Strait of Hormuz amid heightened tensions, with Trump commenting on the situation.