Iran claims seven ships hit in Hormuz, US dismisses as price manipulation

Iran's IRGC claims seven ships were struck in the Strait of Hormuz and warns of a wider response, while the US rejects the claims as an attempt to raise oil prices ahead of US elections. The incident, if confirmed, would mark a significant escalation in the strait, but the dispute over veracity leaves the situation uncertain. This matters because any disruption to Hormuz traffic directly impacts global oil supply and prices.

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