Only five commercial tankers crossed the Strait of Hormuz on Tuesday, compared with a 10-day average of 15, according to preliminary Kpler data cited by Al Jazeera and CNBC. About a fifth of the world’s oil and liquefied natural gas passed through the waterway before the war between the U.S. and Iran began in late February. Tehran subsequently moved to effectively shut the strait, disrupting global supply flows and pushing oil prices higher. Brent crude has nevertheless fallen below $90 a barrel in recent days after Russia’s RIA Novosti reported that the U.S. and Iran had reached a new ceasefire agreement, although Investing.com could not immediately verify the report. Iran and Oman have also agreed on a temporary route through the strait, but a top Iranian official said full reopening depends on U.S. commitments under a framework deal signed in June. Separate reports suggest Washington does not expect a renewed full-scale conflict, while the U.S. prepares to send diplomats back to the Middle East and Secretary of State Marco Rubio has reportedly told allies that the White House does not want to resume strikes against Iran. Treasury Secretary Scott Bessent has threatened new sanctions targeting Tehran’s enablers, with 60 individuals, entities and vessels highlighted, though the U.S. has not imposed secondary sanctions (penalties on third parties) on countries including China, the largest buyer of Iranian oil.