Strait of Hormuz Reopens Amid Ceasefire, Oil Prices Drop
Iran's foreign minister announced the Strait of Hormuz is 'completely open' for commercial vessels during the Israel-Lebanon ceasefire. This led to a drop in oil prices below $90 a barrel. While the US maintains its naval blockade, Trump says a deal to end the war with Iran is 'very close' and Israel is now prohibited from bombing Lebanon.
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