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MAVRICK13
SEVEN CONDITIONS. NO GREEN LIGHT.
Iran says the U.S. response to its proposal to reopen the Strait of Hormuz is insufficient. Tehran says some terms were accepted, while others remain unclear.
The proposal offered normal shipping within seven days if conditions were met.
Before the war, Hormuz carried roughly 20% of global oil consumption and #LNG trade.
For crypto, the transmission risk runs through oil, inflation expectations and bond yields.
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