Reporting by The Times of Israel says a clause in a US-Iran memorandum of understanding was interpreted by Tehran as giving it authority to dictate the route used by ships in the Strait of Hormuz and to target vessels that deviated from it. For tanker markets, that interpretation matters because Hormuz remains a critical passage for crude and products moving from the Gulf to Asia and global markets.
Any renewed uncertainty around navigation rules in the strait can quickly feed into tanker risk assessments, voyage planning and insurance costs. TankerMap flow monitoring treats Hormuz as a core chokepoint for VLCC and product tanker traffic, so even political ambiguity around transit rights can become relevant for freight sentiment and regional shipping patterns.