President Trump says Strait of Hormuz will be 'fully opened' by Friday
President Trump claims the Strait of Hormuz will be fully opened by Friday as part of a U.S.-Iran memorandum of understanding (MOU). The deal is expected to lift a naval blockade and reduce oil prices, with Brent crude dropping over 4% and gas prices declining. However, the MOU's text remains unpublicized, and global oil inventories may take years to recover.
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