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A report by Bloomberg newspaper stated that U.S. President Trump acknowledged that avoiding a global economic collapse was one of his main motivations for signing the understanding agreement with Iran, which reopened the Strait of Hormuz and lifted some restrictions on Iranian oil exports. The deal prompted market reactions, with oil prices decreasing and American stock indices rising, amid expectations that the agreement gives both parties a 60-day period to discuss Iran's nuclear program in exchange for economic incentives. Iran also announced a temporary closure of the Strait of Hormuz in response to escalation, while efforts for a war on Iran face widespread internal opposition in the United States.
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