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BREAKING: Oil is down 6% in the last 4 hours as U.S. permits Iranian oil tankers to pass the Strait of Hormuz.
Treasury Secretary Scott Bessent confirmed the U.S. is allowing Iranian ships to pass to keep the world well supplied with oil.
At the same time, President Trump has demanded that seven countries, including China and several European allies, send warships to help police the waterway.
Trump warned that allies who rely on the Strait must help protect it, stating that the future of NATO depends on their cooperation.
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