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EXCERPT:
Both sides say the Strait of Hormuz, which normally carries about one-fifth of the world’s trade in oil and liquefied natural gas, will be open from Friday.
On Tuesday, Iranian state television reported operations to lift its maritime blockade, while stressing that vessels must still coordinate with Iran’s Revolutionary Guards.
Trump said earlier that tankers were starting to move out of the strait, and Reuters reported that the US – which had imposed its own blockade on Iranian ports – had been overseeing scores of secretive ship-to-ship oil transfers to keep Gulf energy exports flowing.
