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Optimism echoes Trump’s claims on Monday that deal is close as mediators say they are exchanging proposals
US and Qatari officials have said progress is being made in restoring a ceasefire in the US-Iran war and reopening the strait of Hormuz.
The optimistic speculation on Tuesday brought oil prices down 2%, but the strait remained closed to shipping and a cargo vessel was reportedly struck by an unidentified projectile off Oman’s coast close to the strait.
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