NPR Politics
U.S.-Iran ceasefire expires this week with no deal in sight
Iran has shut down the Strait of Hormuz again as a U.S.-Iran ceasefire nears expiration with negotiations stalled. The move threatens to choke off a critical artery for global oil shipments, through which roughly 20 percent of the world's petroleum passes. With no deal on the horizon, markets and allied governments are bracing for a sharp escalation.
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