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Trump said the U.S. blockade will stop Iran from policing the strait and benefiting economically while the rest of the world suffers from its closure.
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;Resize=(620)) The Iran war appears to have ended (if it has ended) with a settlement that neither fully opens the Strait of Hormuz nor keeps it fully closed. The lingering doubts about the Persian Gulf as a source of energy for Europe and Asia, especially if Iran succeeds in its goal of charging tolls for passage, could be good news for Canadian oil and gas — if disaster can be averted.
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President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes.
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The U.S. had demanded that Iran immediately reopen the strait to all maritime traffic, but Iran said it would do so only after a final peace deal, according to Iranian officials.
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President Trump accused Iran of violating its agreement with the U.S. over the Strait of Hormuz, saying on Thursday that it was "doing a poor job" of allowing oil to pass through the waterway.
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