Strait of Hormuz remains effectively closed, CNBC reports

The Strait of Hormuz remains effectively closed despite Iran’s declaration that it is open, Spencer Kimball of CNBC reports, citing maritime freight and oil analysts. Statements from Iranian officials and President Trump have caused confusion about whether the strait is really open or not, CNBC says. While Iran’s Foreign Minister Seyed Abbas Araghchi initially said the strait was “completely open” for the remainder of the ceasefire with the U.S. and Israel, Iran issued conditions for safe passage that resemble the rules which Tehran has imposed for weeks now, according to CNBC.

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