U.S. is allowing Iranian tankers through Strait of Hormuz, says Bessent

The decision to allow Iranian tankers passage through the Strait of Hormuz could signify a thaw in U.S.-Iran relations, or at least a pragmatic approach to managing regional tensions. It raises questions about the implications for oil prices and the broader geopolitical landscape, particularly in light of ongoing sanctions against Iran. Observers will be keen to see if this is a temporary measure or indicative of a longer-term strategy.