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POLITICSAug 3 · 14:18 UTCSEMAFOREd Clowes

Trump heralds ‘perimeters’ of Iran deal as he calls off threatened strikes

US President Donald Trump called off threatened strikes on Iran, citing progress toward a deal, while oil prices dropped 5%. Iranian diplomats supported a Qatari-mediated plan to restore traffic through the Strait of Hormuz, but Saudi officials reportedly urged Trump to delay finalizing the agreement.

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