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Crude pares initial strength after Trump suggests the ceasefire remains in place following US-Iran clashes, NFP report ahead - Newsquawk US Market Open

  • The US military has carried out strikes in Iran's Qeshm port and Bandar Abbas, according to Fox News, citing a US official, who said it is not a restart of the war. Iran's military said the US violated the ceasefire.
  • US President Trump said the Iran ceasefire is still on and that the US is negotiating with the Iranians. He added that Pakistan asked the US not to do Project Freedom during the negotiations.