MOSCOW: Iran will allow no more than 15 vessels ​a day to pass through the Strait of Hormuz under the ceasefire agreement it agreed with the ‌United States, ‌Russia’s state TASS ​news ‌agency ⁠quoted ​an unnamed ⁠senior Iranian source as saying on Thursday.

The Strait, a strip of water only 34 ⁠km (21 miles) wide between ‌Iran ‌and Oman, provides ​passage ‌from the Gulf ‌to the Indian Ocean and is the main route for about a ‌fifth of world oil supplies and other ⁠vital ⁠goods including fertilizers.

It has been largely shut by Iran since the start of the conflict at the end of February, leading to a ​surge in ​global oil prices.