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Strait of Hormuz Crisis Escalates | Annapolis News
Tensions between the U.S. and Iran are escalating as the preliminary peace deal expires, with both sides bracing for conflict over control of the Strait of Hormuz — a vital global oil artery. Iran and Oman are nearing an agreement to solidify Iran’s dominance over the strait, prompting U.S. President to threaten action and even propose declaring the waterway U.S. territory — a move Iran rejects. Shipping traffic has plummeted 20% in a week, with just three crossings recorded Sunday, already driving Brent crude above $90 a barrel and U.S. gasoline prices up to $4.06. Listen in comfort:Get a…
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