In a significant breakthrough amidst Middle East tensions, a large convoy of oil and LPG tankers successfully transited the Strait of Hormuz on Saturday, April 18, 2026, marking the first major commercial movement since the conflict began in February.

This reopening led to a nearly 10% drop in global crude oil prices and a surge in international stock markets. While U.S. President Donald Trump expressed optimism about ongoing talks with Iran, he issued a stern ultimatum: a permanent deal must be reached by Wednesday, or the temporary ceasefire will not be extended.

Meanwhile, Iran maintains that "hostile" vessels from the U.S. and Israel remain banned and insists that its enriched uranium stockpile will not be moved out of the country, despite U.S. demands.