Thailand’s Prime Minister Anutin Charnvirakul announced that his country has reached an agreement with Iran concerning the Hormuz Strait. Under the deal, Iran will allow Thai oil tankers to pass safely through the strategic waterway. The announcement was made on Saturday during a press conference, where the prime minister said the arrangement would ease concerns over energy imports, as Thailand relies heavily on oil from the Middle East.

Earlier this month, a cargo ship flying the Thai flag was damaged by a projectile in the Hormuz Strait. The Omani navy later rescued the vessel’s crew, though three sailors remain missing. The incident had raised safety concerns for Thai shipping operations in the region.

The new agreement is expected to reduce risks for Thailand’s oil transport routes and stabilize its energy supply chain, according to the prime minister’s remarks.