HORMUZ CAN REOPEN WITHOUT FULL MINE CLEARANCE — US

US Energy Secretary Chris Wright says the Strait of Hormuz can be reopened without removing all Iranian mines.

🔸Only a safe shipping corridor is needed, not full demining
🔸US says transit could resume quickly if a pathway is secured
🔸Full clearance could take up to 6 months, per Pentagon briefing reports
🔸Strait has been largely shut since late February, disrupting global oil flows and pushing up fuel prices

Wright suggests limited clearance could allow shipping to restart far sooner than full demining timelines.
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IRANIAN ARMY SPOKESPERSON SAYS WE DO NOT CONSIDER THE WAR TO BE OVER THE SITUATION IS STILL CONSIDERED A WAR, AND THE BANK OF OBJECTIVES AND EQUIPMENT FOR THE ARMED FORCES HAS BEEN UPDATED - IRANIAN STATE MEDIA
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*US APRIL CONSUMER CONFIDENCE 92.8; EST. 89.0
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US AVERAGE GASOLINE PRICE JUMPS TO NEAR $4.18 A GALLON, ITS HIGHEST SINCE AUGUST 2022 - AAA
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DIMON: CREDIT DOWNTURN WILL BE WORSE THAN PEOPLE THINK
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DIMON SAYS I DON'T WORRY ABOUT THE U.S. ECONOMY
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DIMON: NEED TO MAKE SURE WE KEEP WESTERN WORLD TOGETHER
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DIMON SAYS WORST CASE I WORRY ABOUT IS DEFLATION
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DIMON SAYS WORST CASE I WORRY ABOUT IS STAGFLATION
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CHINA POISED TO RESTART EXPORTING JET FUEL, DIESEL AND GASOLINE - FT
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BEIJING WISHES TO SUPPLY MOSTLY JET FUEL TO ASIAN COUNTRIES THAT ARE NOW RUNNING DANGEROUSLY LOW- FT
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$AAPL - APPLE'S TIM COOK SEEN AT WHITE HOUSE FOR TODAY'S EVENT
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IRAQ HAS NO PLANS TO LEAVE OPEC OR OPEC+, NEEDS STRONG GROUP FOR STABLE PRICES – TWO IRAQI OIL OFFICIALS
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MORE THAN 70 HOUSE DEMOCRATIC LAWMAKERS URGE PRESIDENT TRUMP TO PREVENT CHINESE AUTOMAKERS FROM BUILDING VEHICLES IN UNITED STATES -- LETTER
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IRAN EXPECTED TO SUBMIT A REVISED PEACE PROPOSAL SOON, SOURCES SAY
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IRAN PREPARING REVISED PEACE PLAN AMID U.S. REJECTION

Sources say Iran is expected to submit a revised peace proposal within days after the United States rejected its initial terms.

🔸Mediators in Pakistan expect an updated Iranian offer soon
🔸The U.S. reportedly opposed the earlier plan, delaying nuclear talks
🔸Iran’s foreign minister is consulting leadership in Tehran after a visit to Russia
🔸Communication with Iran’s top leadership is described as difficult and slow
🔸The process remains fluid and depends on Iran’s revised terms

Separately, Donald Trump claimed Iran is in a “state of collapse” and seeking help to keep the Strait of Hormuz open amid internal instability.
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ELON MUSK ARRIVES IN OAKLAND, CALIFORNIA FEDERAL COURT FOR OPENING STATEMENTS IN LAWSUIT AGAINST OPENAI
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MAKES SPEECH OUTSIDE THE WHITE HOUSE AS HE WELCOMES KING CHARLES
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TRUMP MAKES SPEECH OUTSIDE THE WHITE HOUSE AS HE WELCOMES KING CHARLES
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TRUMP: AMERICANS HAVE NO CLOSER FRIENDS THAN THE BRITISH
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