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Reports have confirmed that Iran and its allies are approaching full, legal control over the Strait of Hormuz and the Bab el-Mandeb Strait, which threatens oil flows and maritime navigation in the region. The strait has seen a sharp decline in ship traffic, with only seven vessels transiting yesterday—two leaving the strait and five entering—representing a decrease of up to 10% compared to the previous period. These developments come amid ongoing military escalation in Gaza, with Israeli bombardments and gunfire, and increasing fears of escalating regional tensions.
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