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The strait, a key oil chokepoint in the Middle East that supplies much of the world's oil, has become a key point of focus in the conflict between Iran and the United States.
Earlier Sunday, a large cargo craft was reportedly attacked by multiple small vessels traveling roughly 11 miles from Iran, according to the United Kingdom Maritime Trade Operations center.
No group has claimed responsibility for the attack.
Trump announced the new arrangement to the public via a long message on Truth Social.