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Trump says Iran will be 'hit very hard' if Hormuz Strait not open soon as oil prices fall

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Trump says Iran will be 'hit very hard' if Hormuz Strait not open soon as oil prices fall

BBC News · Aug 5, 2026, 3:44 AM UTC

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.