Two fully laden Chinese oil tankers are sailing from the Persian Gulf toward the Strait of Hormuz and may become the first batch of vessels to cross the strait since the US-Iran ceasefire took effect, according to foreign media reports. Tracking data showed that COSCO SHIPPING's "Cospearl Lake", and "He Rong Hai", owned by a smaller company, were heading east at close to maximum speed early this morning (9th). Related News CICC: 22 Stocks Added, 24 Removed in MSCI China Index May Review; Watch Related Inflow and Outflow ImpactThe tracking systems for both vessels indicated that they are owned by China, a measure typically adopted for security reasons before receiving approval from Iran to transit.However, uncertainty remains over whether the two tankers will be able to pass through Hormuz smoothly, as several vessels have turned back at the last minute in the past 24 hours and traffic flow in the area has yet to show a visible recovery.
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