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President Donald Trump asserted that the Strait of Hormuz remains open, countering Iranian claims of its closure. This statement follows heightened tensions between the U.S. and Iran, which have led to a significant increase in oil prices. Analysts suggest that the market's response indicates continued uncertainty regarding the situation.
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President Donald Trump asserted that the Strait of Hormuz remains open, countering Iranian claims of its closure. This statement follows heightened tensions between the U.S. and Iran, which have led to a significant increase in oil prices. Analysts suggest that the market's response indicates continued uncertainty regarding the situation.
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Daily on Energy: Trump says Strait of Hormuz is open, but do oil traders believe him?
Trump Claims Strait of Hormuz is Open Amid Oil Market Tensions