Middle East crisis live: fate of strait of Hormuz hangs in balance as Trump claims Iran deal ‘largely negotiated’

US president says strait will be opened as part of the deal, but Iran’s influential Fars news agency reports that vital waterway would remain under Iranian control Full report: Trump says peace deal with Iran ‘largely negotiated’ with strait of Hormuz to open Trump’s announcement of a deal with Iran being close said it would involve reopening the strait of Hormuz, without giving further details – but getting the waterway reopened has been a central concern for Washington amid the war . Why is the strait so important? It’s one of the world’s most vital arteries for global trade, and Iran’s chokehold on it has crippled international shipping and sent energy prices soaring, bringing fears of driving a global economic downturn. Continue reading...

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