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President Donald Trump in a morning social media post ordered the U.S. military to "shoot and kill" Iranian small boats choking the Strait of Hormuz after seizing another tanker associated with the smuggling of Iranian oil.
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The Navy secretary, John Phelan, was supposed to deliver the first of the president's ships by 2028. The timeline was nearly impossible.
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Investors found some relief after Trump prolonged a ceasefire with Iran, sending U.S. stocks higher and setting up a positive open across Asia.
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