Tehran has agreed to UN's request for safe passage of ships carrying humanitarian aid through Strait of Hormuz, according to IRNA

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Tehran has agreed to UN's request for safe passage of ships carrying humanitarian aid through Strait of Hormuz, according to IRNA

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Tehran's agreement to allow safe passage for humanitarian aid through the Strait of Hormuz signals a potential easing of tensions in the region. This move could lift some risk premium from oil prices, as the Strait is a critical chokepoint for global oil shipments, and may prompt a more stable climate for trade in the area.

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