Trump declares Iran is ‘FINISHED’ amid reports Strait of Hormuz has been closed again
AI Summary
The United States ended its naval blockade on Iranian ports following a Memorandum of Understanding between the two nations, enabling oil tankers to resume passage through the Strait of Hormuz after months of restriction. Iran reopens the waterway without charging transit fees during the initial 60-day negotiation period on broader issues including its nuclear program. However, market analysts warn that full normalization of oil flows may be delayed by practical challenges including sea mine removal and maritime insurance barriers.
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President Donald Trump declared that Iran is “FINISHED” in his first statement since Israel launched massive strikes against Lebanon, triggering reports that Iran closed the Strait of Hormuz again.
Amid the chaos and uncertainty, Israel and Hezbollah reportedly agreed to a renewed ceasefire that went into effect right after the strikes.
The ceasefire, according to […] ...
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