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Economy News

The Economic Times

Economy / The Economic Times

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Trump says he believes Iran's supreme leader has approved deal with US

President Donald Trump indicated that Iran's Supreme Leader, Mojtaba Khamenei, has reportedly approved a significant understanding with the U.S. This proposed agreement, described as a very strong memorandum of understanding, is expected to lead to the reopening of the Strait of Hormuz and the cessation of American blockades on Iranian ports.

12 Jun 2026 7:30 am