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The Dow Jones Industrial Average fell 278 points, or 0.6 percent.
Trump set an 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz.
KEY POINTS
- U.S. officials confirmed American forces struck Iran’s Kharg Island overnight before the deadline.
- Trump suggested the U.S. might not proceed with military action despite earlier threats.
- Negotiators are reportedly pessimistic about reaching a deal before the deadline.
COMPANIES
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