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US and Iran Agree to Reopen the Strait of Hormuz

A naval standoff ends on paper, but the terms will determine whether oil flows freely The United States and Iran have reached an agreement to ease the naval blockade and gradually reopen the Strait of Hormuz, the waterway through which roughly a fifth of the world’s traded oil passes. The deal, confirmed through diplomatic channels, represents the first formal de-escalation…

Strait of Hormuz

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China Defies US Sanctions on Iranian Oil Imports

Beijing’s directive to firms exposes the limits of American financial leverage in wartime Beijing has formally instructed Chinese companies to disregard American sanctions on Iranian oil purchases. The directive, communicated…

China Iran oil sanctions

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Strait of Hormuz
Global News

US and Iran Agree to Reopen the Strait of Hormuz

A naval standoff ends on paper, but the terms will determine whether oil flows freely The United States and Iran have reached an agreement to ease the naval blockade and gradually reopen the Strait of Hormuz, the waterway through which roughly a fifth of the world’s traded oil passes. The…

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