Bangkok: The convoy of oil tankers has begun sailing through the Strait of Hormuz. Tracking data on Saturday showed a convoy of eight oil tankers crossing the Strait of Hormuz, as some ship owners expressed hope that the Iranian government would allow them to leave the Persian Gulf during the short period of the ceasefire amid the Iran-Iran conflict.

According to Thai News Agency, data from MarineTraffic indicates that the convoy, consisting of one ultra-large crude oil tanker along with several tankers carrying petroleum products, chemicals, and liquefied petroleum gas (LPG), is sailing through Iranian waters south of Larak Island. Additionally, several other oil tankers are reportedly following suit, emerging from the Persian Gulf.

Hundreds of ships have been stranded in the Persian Gulf since the United States and Israel launched a war with Iran in late February. Iran retaliated by closing the Strait of Hormuz, a vital shipping lane, forcing massive cuts in oil and natural gas production throughout the Gulf. However, Iran reopened the strait, which previously handled one-fifth of the world's oil trade, following a ceasefire agreement brokered by the United States on Thursday between Israel and Lebanon.

Several boat owners have revealed that they may try to take advantage of the ceasefire to move their vessels out of the area, although a number of ships were observed approaching the strait but turning back since yesterday afternoon, a sign that navigation remains somewhat restricted.

A spokesman for Iran's Islamic Revolutionary Guard Corps (IRGC) stated Saturday morning that, under an initial agreement, Iran will allow a limited number of oil tankers and commercial vessels to pass through the Strait of Hormuz under IRGC supervision.

The International Energy Agency (IEA) stated that the closure of the Strait of Hormuz resulted in the largest oil supply disruption in history, affecting more than 10 million barrels of crude oil per day and reducing global liquefied natural gas (LNG) shipments by up to 20 percent. Major oil producers in the region, including Saudi Arabia, the United Arab Emirates, Iraq, and Kuwait, emphasized the need for unrestricted and consistent tanker traffic to fully resume oil exports.