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Tensions between the United States and Iran are escalating both militarily and politically in the Strait of Hormuz, amid increasing attacks on oil tankers and threats to maritime navigation. Iran announced that a large oil tanker was damaged after hitting a sea mine and has closed the strait, while commercial ships continue to pass through despite Iran's warnings. The United States has suspended the targeting of Iranian missiles and drones to avoid escalation that could impact the U.S. elections, while Iranian officials warn of the consequences of American sanctions on the country and the world. There is growing concern over oil supplies and disruptions to international trade.
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