Washington DC, June 18 -- US Vice President JD Vance on Thursday (local time) said that 12.5 million barrels of oil transited through the Strait of Hormuz overnight, marking the highest volume since the start of the Iran conflict, and credited President Donald Trump's peace deal for easing tensions, stabilising energy markets and restoring maritime traffic in the region.

Briefing the members of the media, Vance said the administration's peace plan with Iran was already delivering tangible benefits for Americans, pointing to falling oil and gas prices and improved security in one of the world's most critical shipping lanes.

"The president's peace plan in Iran is already bearing real fruits for the American people. Last night, 12.5 millio...