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Trump says no talks planned with Iran, Tehran says Strait of Hormuz still shut

  • Trump says there are no talks with Iran and insists the Strait of Hormuz is open, contradicting Tehran's claim it remains closed.
  • Shipping disruptions reported — UAE detected ballistic missiles launched from Iran, a vessel was struck in the Strait of Hormuz, and the UAE has suspended trade with Iran.
  • The expired ceasefire and diplomatic stalemate pushed oil prices higher and weighed on global markets and borrowing costs.
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