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OIL MARKET ON EDGE AS IRAN STALLS
Iran has yet to respond to a US plan to end 10 weeks of war and reopen the Strait of Hormuz, keeping global oil markets under pressure.
President Donald Trump warned the US could “go a different route” if Tehran rejects the deal, which would reopen shipping lanes in exchange for easing sanctions.
Saudi Aramco CEO Amin Nasser said even if Hormuz reopened now, oil markets would take months to recover — and disruptions lasting weeks could delay normalization until 2027.
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