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Iranian source says the US has made a concession to Iran regarding the closure of the southern route in the Strait of Hormuz, Al-Mayadeen reports

StockNow breaking-news AI analysis

Energy markets remain highly volatile as Iran continues to restrict Strait of Hormuz access, defying President Trump's reported concessions and announcements of a potential deal on August 3, 2026.

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" Iran responded to the latest US proposal by refusing to open the Strait of Hormuz until the war is completely over." the source said

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