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The navigation and trade activity in the Strait of Hormuz has been significantly affected due to tensions between Iran and other countries, with an increase in attacks on ships of various nationalities over the past three weeks, including targeting vessels belonging to the UAE’s ADNOC company. These incidents have led to a rise in mistrust among shipping companies and prompted them to reevaluate risks due to the repeated attacks and the increasing likelihood of clashes, amid growing fears over the opening or continued closure of the strait. Tensions also persist with Iran's hardened stance and its strict conditions, reflecting an escalation in the conflict that has shifted from military and diplomatic operations to energy movement and maritime transportation.
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