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Tensions have been reignited in the Strait of Hormuz following the collapse of the memorandum of understanding between the United States and Iran, leading to an escalation in clashes and their impact on maritime navigation. Three commercial ships were attacked by Iranian forces, prompting the United States to launch airstrikes targeting Iranian sites. Iran responded by using missiles against American forces. These developments have resulted in a reduction in the passage of ships and Gulf oil, raising concerns about the widening of the crisis and its effects on global oil supplies.
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