US-Iran Relations
Van Hollen calls U.S. blockade tied to Iranian ports a “losing strategy,” urges end to unauthorized Iran war
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Sen. Chris Van Hollen, a Maryland Democrat on the Senate Foreign Relations Committee, said President Donald Trump’s move to blockade shipping to and from Iranian ports is unlikely to achieve the administration’s goal of reopening the Strait of Hormuz and argued the conflict is unlawful without congressional authorization.
Seoul stocks opened sharply higher on Monday, with the KOSPI index rising more than 1% and hitting a fresh intraday record, despite fading hopes for a US-Iran peace breakthrough over the weekend. US President Donald Trump canceled a planned trip by US negotiators to Pakistan, while Iran's Foreign Minister Abbas Araghchi headed to Russia.
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South Korean stocks opened sharply higher Tuesday amid revived hopes for US-Iran peace talks after a US naval blockade of the Strait of Hormuz. The benchmark KOSPI surged 2.61% to 5,960 at open, while the won strengthened to 1,478.8 per dollar, up 10.5 won.