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Trump Proposes Joint Control of Strait of Hormuz, Delays Strikes; Shipping Insurance Remains Costly

Donald Trump has proposed joint control of the Strait of Hormuz with Iran and announced a five-day postponement of strikes. Despite these efforts, insurance for freighters in the Persian Gulf remains very expensive, with the US government seeking help from Swiss insurer Chubb to address the issue.

23 Mar, 14:57 — 24 Mar, 03:18
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