Gibley: Iran Unlikely to Close Strait of Hormuz, July 9 Tariff Deadline Looming

Iran closing the Strait of Hormuz would damage its economy and hurt its allies more than its enemies, says Michelle Gibley. She covers the latest in Europe as NATO increases spending, and notes weakness in China’s consumer spending. The July 9 deadline for tariffs is coming up fast, and she thinks we might see some deal frameworks – and pushback.

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