Latest updates on IRAN and the ECONOMY

The White House says reports that Iran halted oil tanker traffic through the Strait of Hormuz one day after a ceasefire agreement with the U.S. took effect are false, amid escalating Israeli strikes on Lebanon.

The semi-official Fars news agency made the claim on Wednesday. The Strait of Hormuz is a critical global chokepoint through which roughly a fifth of the world’s oil supply passes.

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