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The Russian Ministry of Defense confirmed that two ships in the Black Sea, which were escorting cargo ships carrying weapons and military equipment for Ukrainian forces, were targeted. It also announced that Russian air defense systems destroyed 553 Ukrainian drones overnight, amid the ongoing military escalation between Russia and Ukraine. The region is experiencing heightened tensions, with increased restrictions on navigation in the Strait of Hormuz and explosions in southern Lebanon. Meanwhile, oil prices rose slightly following a U.S. threat of imposing a blockade on Iran.
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