Two Chinese supertankers carrying a total of four million barrels of crude oil crossed the Strait of Hormuz on Wednesday, according to shipping data from Kpler and LSEG. The vessels had been waiting in the Persian Gulf for more than two months before departing through the key maritime route.

The report noted that only a few ships have recently passed through the strait, but the successful resumption of navigation and a softer tone from the White House have contributed to a slight decline in global oil prices. On Tuesday, President Trump stated that a peace agreement with Iran was close, adding that any deal would prevent Iran from obtaining nuclear weapons.

The developments suggest a cautious easing of tensions in the region, with potential implications for oil markets and diplomatic relations involving China, Iran, and the United States.