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U.S. Eyes Strait of Hormuz Deal Tomorrow
U.S. Treasury Secretary Steven Mnuchin said it is likely that an agreement with Iran will be reached tomorrow regarding the reopening of the Strait of Hormuz, which could lead to energy price stabilization and a decline. Several ships have already begun to depart the strait, and navigation remains ongoing. Iran announced a temporary plan to manage navigation in coordination with Oman, ruling out accepting any alternative to opening the strait. Meanwhile, the current situation remains tied to a long-standing crisis caused by Iran.
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