US President Trump says 34 ships went through the Strait of Hormuz yesterday, which is by far the highest since this foolish closure began
Context
President Trump's remarks about the increased shipping through the Strait of Hormuz could signal a potential easing of tensions in the region. Given that this is a significant chokepoint for oil shipments, a higher number of transits may help stabilize oil prices, impacting energy markets and broader risk sentiment across equities and currencies.
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