Two blasts reported in Strait of Hormuz
The Strait of Hormuz region is witnessing escalating tensions, with oil prices soaring to $90 per barrel and the rerouting of 30 ships. Additionally, maritime traffic has nearly come to a halt following the resumption of the naval blockade. This has led to limited ship movements and concerns that oil prices may rise further due to military escalation and the actions of the involved parties.
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