Middle East crisis live: Trump claims ships carrying oil are moving out of strait of Hormuz after US and Iran agree deal

Key Points:

• US President Donald Trump claimed on Truth Social that oil-carrying ships are beginning to move out of the Strait of Hormuz via a safe southern route, though many shippers remain cautious due to unclear transit arrangements and perceived risks.
• A memorandum of understanding (MoU) between the US and Iran was signed by Trump, Vice President JD Vance, and Iranian parliament speaker Mohammad Bagher Qalibaf, aiming to reopen the Strait of Hormuz and establish a 60-day ceasefire in the Middle East conflict.
• The deal includes provisions for a ceasefire in Lebanon but does not require Israeli troop withdrawal from occupied areas, with Israeli officials stating military presence will continue indefinitely to defend borders and communities.
• The agreement has led to a drop in global oil prices amid hopes of easing the energy supply crisis, while Hezbollah welcomed the ceasefire but warned Israel against violating Lebanon’s sovereignty.
• Despite Trump's announcement, shipping through the Strait of Hormuz remains minimal as technical details and security assurances continue to be negotiated, with a formal signing ceremony planned in Geneva later this week.