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Iran is reportedly planning to demand that shipping firms pay tolls in cryptocurrency to let their oil tankers through the Strait of Hormuz.
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;Resize=(620)) The announcement of a ceasefire between Iran and the United States was met in Lebanon with the war's bloodiest day, as Israel launched a massive air campaign that its media termed "Operation Eternal Darkness." The Israeli strikes killed and wounded hundreds, as Prime Minister Benjamin Netanyahu signaled his intent to pursue Hezbollah regardless of international pressure.
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Reports from Iranian state media say the Strait of Hormuz is not open because Iran is responding to the continued Israeli airstrikes into Lebanon. White House press secretary Karoline Leavitt said Lebanon is not part of the ceasefire agreement that has been brokered. NBC News' Monica Alba details where the Trump administration stands and what's next for peace talks.
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Pakistan Prime Minister Shehbaz Sharif had asked Trump for a two-week delay of his Iran deadline, and for the Strait of Hormuz to open for the same period.
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Stocks roared higher after President Trump announced a two-week ceasefire with Iran. Oil prices fell sharply and gas prices are expected to follow.
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The U.S. reached a last-minute ceasefire with Iran just before Trump's deadline for the country to meet his demands. And, Trump-backed Clay Fuller wins the U.S. House race in Georgia.
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The U.S. vice president said the response from Iran to the ceasefire had varied, with some 'lying about even the fragile truce that we've already struck.'
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President Donald Trump's Iran ceasefire announcement provided some relief to Wall Street and tech stocks shared in the rally.
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President Trump has announced a two-week ceasefire with Iran, contingent on their opening of the Strait of Hormuz. In an earlier online post, he had threatened "a whole civilization will die tonight."
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