Third Iran-Linked Crude Carrier Crosses US Blockade Toward Asia

South Korea’s Kospi edged 0.2% lower to 8,706.10 with losses in big technology stocks tracking a sell-off of artificial intelligence-related shares on Wall Street.

Strait of Hormuz may reopen on Friday, but oil prices could take 8 weeks to settle

The TankerTrackers website, which monitors oil shipments and storage, on Wednesday identified Iran’s “first crude oil exports in two months”, citing digital tracking data corroborated by satellite imagery.

The U.S.-Iran deal due to be signed Friday may offer some hope for tens of thousands of commercial sailors trapped in the Strait of Hormuz, but it's unlikely to quickly end what for many has been a brutal ordeal.