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President Trump announces a peace deal with Iran at the G7 summit in France, with the Strait of Hormuz set to partially reopen immediately and fully reopen by week's end. The agreement includes Iran's commitment not to develop nuclear weapons, with formal signing scheduled for Friday in Switzerland by Vice President J.D. Vance. Oil markets predict prices may not return to pre-war levels until October 2031 despite the reopening of the major shipping channel. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.
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