Oil tankers are actively navigating the Strait of Hormuz following the declaration of a fragile ceasefire between the US and Iran. The region has witnessed a notable surge in maritime activity, with multiple supertankers making their way through the strait. Despite ongoing negotiations facing hurdles, several tankers, including those from China and Japan, have successfully exited the strait, indicating a cautious optimism among oil producers. Market participants are preparing for a potential resumption of oil exports from the Middle East amid shifting maritime conditions and diplomatic uncertainties.