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Oil prices fall, tanker bosses remain cautious on resumption of Hormuz transit
Global oil prices ticked lower on Tuesday as the Iran peace agreement dominated the G7 meeting in France.
The Iran deal came just in time as Strategic Petroleum Reserve hits lowest level since 1983
Oil executives have warned that global inventories are rapidly depleting due to the supply disruption triggered by the Iran war.
How the Strait of Hormuz reopening could unfold if the U.S.-Iran deal is implemented
Tanker traffic through Hormuz could quickly increase but it is unclear whether transits will approach prewar levels, according to Kpler.