On June 18, the blockade on Iran by the United States was lifted, allowing tankers to once again navigate through the Strait of Hormuz. This significant development comes as a potential war-ending agreement begins to take effect. The easing of tensions opens up trade routes for the transport of goods and resources through the strategic waterway. The move is expected to have a positive impact on global trade, with a notable increase in the number of tankers moving through the region following the blockade's removal.