U.S. and Iran may agree to reopen Hormuz

U.S. Treasury Secretary Steve Mnuchin expected that the United States and Iran might reach an agreement today or tomorrow to reopen the Strait of Hormuz, which would allow freedom of movement for passing ships and help mitigate its impact on energy prices and refined products. Meanwhile, the U.S. Secretary of State confirmed that denuclearization of Iran is the final agreement, and that reopening the strait is an urgent deal; however, there has been no official statement from Iran so far.

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