Markets eye Hormuz breakthrough
Markets have been cautiously optimistic after US President Donald Trump suggested that a deal to reopen the Strait of Hormuz could be announced as early as Wednesday.
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The Trump administration has signaled this week that a deal with Iran to reopen the Strait of Hormuz will be announced as soon as Wednesday. Separately, Iran said on Wednesday that a bilateral deal with Oman on the strait's management was in its final drafting stage. Oil rose slightly at the prospect of an Omani-Iranian deal amid fear that Tehran might end up becoming the new custodian of the waterway.
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