Iranian, Saudi Arabian tankers reportedly crossing Strait of Hormuz

FOX Business’ Lauren Simonetti discusses oil tanker movements in the Strait of Hormuz following President Donald Trump signing a memorandum of understanding with Iran on ‘The Story.’

Fox Business’ Lauren Simonetti details oil tanker movements in the Strait of Hormuz following a US-Iran deal. Simonetti reports both Iranian and Saudi Arabian tankers are now crossing the strategic waterway with signals on, a change after two months of silence. She highlights 165 million barrels of oil remain stranded, causing reluctance among ship owners to re-enter the Persian Gulf.