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Finance / Economy Economy

Stanton Warns Hormuz Closure Hurts Economy

Source: bloombergMarkets July 12, 2026 · 10:27
Rep. Greg Stanton says the Trump administration needs a stronger diplomatic strategy to reopen the Strait of Hormuz and negotiate a more accountable agreement with Iran, warning the conflict has increased economic and geopolitical risks. He also defends closer ties with Canada, Mexico and other US allies as essential to competing with China, while condemning settler violence in the West Bank following an incident involving Rep. Ro Khanna. (Source: Bloomberg)
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