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US conducts strikes near Strait of Hormuz
The United States launched airstrikes on Iranian targets in the waters of the Strait of Hormuz, following attacks on two tankers and an exchange of fire over the weekend, in a move that could reignite tensions in the region. These events caused global oil prices to rise, with Brent crude futures jumping further after the news. Iran announced its intention to prevent oil exports from the Gulf, despite threats from Trump of a strong response, as Washington imposed new sanctions on Iran and reaffirmed its policy of escalating economic sanctions against countries dealing with it.
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