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Tag: Global Oil Market

Trump Says Iran Accepts Nuclear Inspections, Hormuz Strait to Remain Open JUN 23, 2026

Trump Says Iran Accepts Nuclear Inspections, Hormuz Strait to Remain Open

US President Donald Trump announced that Iran has agreed to extensive nuclear inspections as part of ongoing negotiations, prompting the United States to keep the strategically important Hormuz Strait open. Trump said sanctions relief funds would remain under US-controlled escrow and be used exclusively for humanitarian purchases, including food and medical supplies from American producers.