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President Donald Trump says Iran has assured the United States that it will not impose tolls or fees on ships passing through the critical Strait of Hormuz.
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00:00President Donald Trump says Iran has assured the United States that it will not impose tolls or fees on ships
00:06passing through the critical Strait of Hormuz, one of the world's most important energy choke points.
00:11The claim comes after a new round of U.S.-Iran negotiations aimed at easing regional tensions and restoring commercial shipping
00:19confidence.
00:20Trump said the understanding would help keep global trade moving and reduce pressure on energy markets.
00:26Oil prices fell following the announcement as traders bet the risk of disruptions to Middle East energy supplies had diminished.
00:34The development is being viewed as a key early test of whether the latest diplomatic efforts between Washington and Tehran
00:41can hold.
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