U.S. President Donald Trump has warned Iran of severe consequences if it reneges on its current commitments, particularly concerning its nuclear program and control of the Strait of Hormuz. This warning comes amid heightened tensions between the United States, Iran, and Israel. The Strait of Hormuz, a strategic chokepoint for global energy supplies, remains at the center of diplomatic and military concerns. Markets currently price a low probability of traffic normalization in the strait by August 31, with fluctuating odds reflecting persistent geopolitical instability.
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