After Iran’s foreign minister announced that the Strait of Hormuz is “completely open” for the remaining duration of the ceasefire, President Donald Trump said that the U.S. is still maintaining its naval blockade on Iranian ships in the region. Iran said that it is reopening the strait in response to the temporary ceasefire agreement reached between Israel and Lebanon on Thursday.
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So, now we can all blame Trump directly for the economic impact of closing the Strait. Now that’s what I call winning.