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The Strait of Hormuz remained effectively closed despite Iran's declaration Friday that it is open, maritime freight and oil analysts told CNBC.
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On a day when both Iran and the United States declared the Strait of Hormuz opened, hopes for an agreement rose. But statements from President Trump and Iranian leaders about negotiations were sometimes at odds.
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Sir Keir and the top official at the Foreign Office at the time are expected to face questions from MPs next week.
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Oil prices plunged and two U.S. stock indexes hit all-time highs after Iran's foreign minister said the Strait of Hormuz was open for commercial vessels.
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The ongoing conflict is weighing on global sentiment despite assurances from U.S. President Donald Trump that the war "should be ending pretty soon."
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