India, April 9 -- After a weak start and a subsequent rebound into positive territory, the Canadian market retreated Thursday morning amid doubts about U.S.-Iran truce after Tehran halted the passage of oil tankers through the Strait of Hormuz after accusing the U.S. of violating three clauses of the 10-Point Proposal.
Iran has closed the Strait of Hormuz and threatened to walk away from the agreement as Israel continues to strike Lebanon. U.S. President Donald Trump has also warned of renewed escalation in the event of Iran not making an attempt to reach a broader deal.
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