Trump Delays Iran Deadline as Hormuz Tensions Spark Market Drop

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Source: The New York Times
Trump Delays Iran Deadline as Hormuz Tensions Spark Market Drop
Photo: The New York Times
TL;DR Summary

President Trump extended by 10 days the deadline for Tehran to reopen the Strait of Hormuz as U.S. stocks fell on a day of heightened threats; Israel said it killed an Iranian naval commander linked to blocking the strait, signaling a possible shift toward negotiation rather than immediate action.

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