President Donald Trump announced that the U.S. Navy has secured the Strait of Hormuz, declaring it open for approved commercial traffic. The Navy claims 100% control over this strategic waterway and says it has cleared mines. This announcement comes amid ongoing tensions between the United States and Iran over maritime control in the Gulf. According to prediction markets, the probability of an agreement before August 15 remains low at 8%, compared to 26% for a resolution by August 31.
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