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Iranian shipping resumes to ease Strait crisis
All eyes are on the Strait of Hormuz, with expectations of the resumption of navigation following the recent understandings between Iran and the United States. Iran announced the restart of oil tanker and commercial vessel traffic, which led to a decrease in oil prices to their lowest levels in three months, amid expectations of renewed supply shipments through the strait. It appears that there are joint international efforts by France and Germany to participate in maritime mine-clearing operations, as final statements await approval for potential missions. At the same time, anticipation is growing that the strait will soon be fully opened.
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