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3.8%
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TRUMP ANNOUNCES IRAN SHIPPING BLOCKADE
President Donald Trump says the Strait of Hormuz is open to all vessels except those linked to Iran.
Ships traveling to or from Iranian ports, or carrying Iranian cargo, will face a full blockade.
Trump also announced plans to replace the 20% U.S. reimbursement fee with major Gulf trade and investment agreements.
He praised the U.S. military, said oil flows had surged, and repeated that Iran would never obtain a nuclear weapon.