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Iran announced the closure of the Strait of Hormuz to ship traffic in response to Israel's violations of the ceasefire and ongoing operations in southern Lebanon, while it prepares to restart peace talks with the United States in Switzerland. Meanwhile, the U.S. Vice President confirmed that Washington still believes in the diplomatic path, despite the lack of evidence indicating a complete halt to navigation through the strait, which is a vital passage for global oil transportation. There are growing concerns about deteriorating security conditions and their impact on international trade and energy markets.
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