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IRGC threatens to block Strait of Hormuz in response to US military actions
FXStreet Forex NewsLO·IR · US·1 day ago
The Strait of Hormuz has experienced four months of intermittent closure and volatility, marking a departure from historical transit norms. The situation remains fluid, with the long-term impact on global energy security and maritime trade routes currently uncertain.
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Direct hostilities between Iran and the United States have significantly escalated following confirmed US military fatalities in Jordan and sustained US strikes against Iranian infrastructure. Iran's Supreme Leader has issued direct threats of retaliation, while Iranian state media claims unverified strikes on US assets and a Kuwaiti oil facility, suggesting potential disinformation amidst rising tensions.