(Bloomberg) — Shipping in the Strait of Hormuz was at a near standstill early Sunday after Iran reversed its decision to reopen the waterway and fired on vessels attempting to pass, warning it would block transits as long as the US blockade of Iranian ports remained. Read More
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Iran says there is ‘still a distance’ to peace deal as Hormuz closure halts shipping
Progress has been made towards a peace deal with some issues “concluded,” Iranian Parliamentary Speaker Mohammad-Bagher Ghalibaf said, but he warned Iran still has a “complete distrust” of the U.S.…






