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2026-08-07T17:03:11.004Z

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Potential Strait of Hormuz reopening Today

Potential Strait of Hormuz reopening Today

The United States confirmed that an agreement might be reached today or tomorrow to reopen the Strait of Hormuz for a period ranging between 30 and 60 days, with the aim of reducing global energy prices. This comes after the escalation of economic pressure on Iran, amid the imposition of new measures targeting financial networks linked to it, in order to cut off illicit funding channels and reduce its ability to circumvent sanctions. In the context of escalating tensions, Washington has reimposed a maritime blockade on Iran's ports in the Strait of Hormuz, amid warnings from Iran that this jeopardizes a previous agreement, following renewed confrontations that are considered the most severe since the ceasefire in April. The Strait of Hormuz is one of the most important global energy transport routes, and Iran controls it, giving it significant strategic influence.

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