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US, Iran Said to Be Exploring Phased Deal to Open Hormuz
Source: Bloomberg
Geopolitics & WarSanctions & Export ControlsTrade Policy & Supply ChainEnergy Markets & Prices
US and Iranian negotiators are reportedly exploring a phased agreement under which Tehran would reopen the Strait of Hormuz and Washington would lift its economic blockade of Iranian ports. Although discussions remain preliminary, a deal could materially ease a major geopolitical and energy-shipping chokepoint risk while reducing sanctions pressure on Iran.
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