The United States is allowing some Iranian oil tankers to pass through the Strait of Hormuz to help maintain global energy supplies, according to US Treasury Secretary Scott Bessent.
Speaking to CNBC, Bessent said several Iranian ships had already moved through the key waterway and the US had permitted the passage to ensure oil supply to global markets.
He added that ships from India and possibly China had also passed through the strait.
The Strait of Hormuz is one of the world’s most important oil transit routes, with around 20% of global oil shipments passing through the narrow waterway.
With inputs from BBC
