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US AND IRAN CONSIDER $8 BILLION DEAL TO REOPEN STRAIT OF HORMUZ
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The Strait of Hormuz is a critical chokepoint for global oil and gas shipments, so any reopening would ease supply and shipping concerns tied to the region. The $8 billion figure is the central term of the emerging deal under discussion. What to watch next is whether Monday’s meeting produces a concrete agreement and a timeline for restoring traffic through the strait.
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Named in this story
Iran, United States, Strait of Hormuz, Donald Trump, Qatar