Two fully laden Chinese oil tankers, Cospearl Lake and He Rong Hai, are approaching the Strait of Hormuz, potentially becoming the first non-Iranian vessels to cross since a US-Iran ceasefire was declared. Both tankers, signaling Chinese ownership, are traveling at high speeds in the Persian Gulf, with a crossing expected later Thursday. However, successful transit is uncertain, as several ships have turned back despite similar intentions. China Cosco Shipping Corp. did not immediately comment o

Two fully laden Chinese oil tankers, Cospearl Lake and He Rong Hai, are approaching the Strait of Hormuz, potentially becoming the first non-Iranian vessels to cross since a US-Iran ceasefire was declared. Both tankers, signaling Chinese ownership, are traveling at high speeds in the Persian Gulf, with a crossing expected later Thursday. However, successful transit is uncertain, as several ships have turned back despite similar intentions. China Cosco Shipping Corp. did not immediately comment on the situation.