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Trump says Strait of Hormuz is open as traffic stays thin

Shipping activity in the Strait of Hormuz appears limited despite Trump’s claim, suggesting concerns are still weighing on trade flows.

Reported · Written up by our desk · Trade & Tariffs

CNBC World reports that U.S. President Donald Trump has said the Strait of Hormuz, a critical chokepoint for global shipping, is open.

However, the outlet says the situation on the water looks different, with no clear pickup in traffic as market participants remain cautious about trading through the area.

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