US issues deadline to Iran over Strait of Hormuz tensions
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The Trump administration has set a Saturday deadline for Iran to commit to ending attacks on commercial ships in the Strait of Hormuz, a crucial waterway for global oil supplies. This ultimatum follows renewed tensions, with oil prices already rising due to fears of further escalation in West Asia. Any disruption could significantly impact oil-importing nations like India, which relies heavily on crude from the Gulf.
Not investment advice. For informational purposes only.