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The Strait of Hormuz is opening for business

The Strait of Hormuz is opening for business

The Strait of Hormuz has reopened for commercial vessels following a strategic U.S. move that countered Iran's blockade. Iran's foreign minister confirmed the passage is fully open during the ceasefire between Israel and Lebanon. The U.S. maintains a naval blockade targeting Iran, with the global energy supply outlook now more stable, pending further developments.

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