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Iran Says Non-Hostile Foreign Ships Can Cross Hormuz

Iran said foreign ships are allowed to cross the Strait of Hormuz, as long as they aren't supporting acts of aggression against the country and follow regulations put in place by Tehran. The comments were made in a letter circulated to members of the International Maritime Organization. Bloomberg's Joumanna Bercetche reports.

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Today's Market Action Looks Like Relief Rally: Principal Asset Management

Todd Jablonski of Principal Asset Management says "today's price action certainly looks like a relief rally." He adds that investors appear to be "growing in confidence that there is an end in sight to high energy prices, and perhaps geopolitical tensions can take a backseat to stock fundamentals."

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