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  • Trump reinstates US blockade of Strait of Hormuz

    Markets

    Donald Trump said the United States has restored its blockade of Iranian ships in the Strait of Hormuz and would demand a 20 per cent fee on all other cargo transiting the shipping lane. In a further breakdown of relations with Iran, the President said the US Navy would stop “Iran’s ships entering or leaving” [...]

    Iranian military vessels patrol the strategic Strait of Hormuz amidst escalating tensions in the region

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