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Tehran vows to seize ships in Hormuz
Washington has launched the largest financial and trade attack in its history against Iran, threatening to pursue any entity providing financial support to Tehran under secondary sanctions, after the 60-day extended ceasefire failed to lead to a resolution of the conflict. Iran responded with the threat of detaining any offending commercial ships in the Strait of Hormuz and decided to impose fees on navigation through the strategic passage, warning neighboring countries not to engage in American measures. Markets are closely watching the situation deteriorate, with Brent crude dropping to around $93 amid warnings of escalating tensions.
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