A “breakthrough” to restart movement for stranded ships through the Strait of Hormuz is “expected in the coming hours,” Saudi Arabia’s state-owned and operated Al-Hadath television channel reported on Thursday. “A breakthrough regarding the ships stranded in the Strait is expected in the coming hours,” the outlet predicted. “Agreements have reportedly been reached regarding easing the blockade in exchange for a gradual reopening of the Strait.” The chokepoint is vital for Gulf energy exports, including from Saudi Arabia, which was also targeted during the recent Iran conflict. The strait has been largely closed since February, blocking roughly 25% of global seaborne oil and forcing costly route changes.