IRAN CAVES? Tehran Offers To Reopen Hormuz

In this episode of The PDB Afternoon Bulletin:

• Iran offers to reopen the Strait of Hormuz as commercial traffic through the vital waterway nearly collapses, while China may see an opportunity to use the crisis as leverage over Taiwan.

• North Korea says its latest missile test involved a new hypersonic weapon, as Kim Jong Un showcases another system intended to challenge U.S. and allied missile defenses.

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