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Tugboat Daily Brief - Iran-Israel Conflict - 2026-06-26

A direct military hotline between Washington and Tehran went live while Israel continued airstrikes on Hezbollah infrastructure in Lebanon. Oil prices dropped below seventy-three dollars despite new Iranian navigation restrictions in the Strait of Hormuz, even as the US Senate faced constraints on emergency defense funding.

Key Developments

A direct military deconfliction hotline between Washington and Tehran is now operational despite ongoing airstrikes in Lebanon.

Iranian authorities have enforced strict navigation rules in the Strait of Hormuz that have halted United Nations-led…

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