servicing debt and funding critical in- IN THAT MOST OF THE POINTS vestments aimed at boosting produc- ARE ALREADY NEGOTIATED.” The “naval blockade” refers to the tivity and improving living standards. • Strait of Hormuz U.S. Navy’s interdiction of ships enter - In a related move, the President ing or departing Iranian ports, a policy also assented to the Appropriation enacted earlier this month after initial (Repeal and Enactment) (Amend - peace talks in Islamabad hit an impasse. ment) Bill, 2026, extending the The impact on the ground and implementation period for the cap- in the markets was…