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Iran announced agreements with Oman to share revenues from the Strait of Hormuz and issued a decree to ban 45 ships, more than a third of which are Gulf companies, from passing through the strait. In response, the American president suggested renaming the strait "Trump Strait" and threatened Iranian leaders with prosecution, amid escalating tensions over control of the region. The escalation also signaled the risk of the conflict escalating beyond military confrontation between Iran and the United States, with hints that the strait remains a potential flashpoint for regional conflicts.
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