US-Iran Tensions Impact Markets
Maritime traffic in the Strait of Hormuz has slowed amid escalating tensions between Washington and Tehran, as the deadline for the memorandum of understanding between the two sides ended today. In response to the escalation, Washington and Tehran exchanged threats regarding the strait, with Iran reaffirming its control over it and movements toward the area. The strait has also experienced ongoing attacks and tensions, while events have seen an increase in military and media escalation between the two sides.
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