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Iran Clears Vessels
- Iran and Western intermediaries cleared eleven vessels through the Strait of Hormuz, ending a backlog.
- The tankers and bulk carriers bound for Indian ports Nhava Sheva and Mundra had been idling.
- The clearance reduced the immediate backlog by nearly fifteen percent within a forty-eight hour window.
- Maritime analysts say the ad-hoc Memorandum of Understanding guarantees Iran’s oil sales and asset liquidity while promising non-interference for vetted vessels.
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