Trump Reverses Hormuz Toll Proposal Amid Continued Iran Strikes and Market Gains
U.S. President Donald Trump reversed his proposal to impose tolls on ships transiting the Strait of Hormuz, shifting responsibility for funding U.S. protection efforts to Gulf states through investments in the U.S. Meanwhile, continued military strikes against Iranian targets pushed oil prices higher but did not deter a positive performance from U.S. stock markets.
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Topics: inflation oil prices stock markets Strait of Hormuz U.S.-Iran tensions