Nearing Deal to Open Strait of Hormuz
The US Treasury Secretary revealed that the United States may reach an agreement within today or tomorrow to open the Strait of Hormuz for a period of between 30 and 60 days, which will lead to a decrease in global energy prices. He explained that Washington continues its policy of economic pressure on Iran, with the imposition of new measures targeting financial networks that help Tehran bypass sanctions, and has restored maritime restrictions on its ports in the strait following increased regional tensions. The potential step includes improving the situation in the oil market, as Washington maintains its maximum pressure policy on Iran.
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