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US Claims Hormuz Control as Iran War Escalates
World

US Claims Hormuz Control as Iran War Escalates

The US-Iran ceasefire memorandum of understanding expired Monday, with Trump rejecting any extension and declaring Iran should "put up the white flag of surrender." The US now claims operational control of the Strait of Hormuz, through which roughly a fifth of the world's oil supply flows.

MarketStrait of Hormuz traffic returns to normal by December 31?
Strait of Hormuz traffic returns to normal by December 31?35% chance
Sources

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