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Oil Retreats on US-Iran Ceasefire Hopes, Strait of Hormuz Reopening
Al Jazeera AR·US · IR · SA·about 5 hours ago
Iran's foreign minister has proposed a new seven-day ceasefire plan that could lead to the reopening of the Strait of Hormuz within a week. The proposal marks a potential de-escalation after recent tensions, though details and US acceptance remain uncertain. If accepted, it would ease global energy supply concerns and reduce regional conflict risk.
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