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Donald Trump · Iran · Strait of Hormuz · Israel ·

U.S. reimposes naval blockade as strikes intensify and Iran threatens to stop all Mideast energy exports

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A billboard depicting U.S. President Donald Trump lying on what appears to be a coffin appears in downtwon Tehran, reflective of tensions between the two countries over reopening the Strait of Hormuz.

The U.S. reimposed a naval blockade on Iran and intensified its airstrike campaign Wednesday in retaliation for Tehran’s attacks on ships trying to pass through the Strait of Hormuz.

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Summary

Days of back-and-forth strikes by the U.S. and Iran across the Middle East, and renewed threats to the waterway crucial to global energy supplies, have shredded the interim deal to end the conflict and the region could tip back into all-out war. The U.S. first imposed a blockade in April and then lifted it last month after signing the interim deal that paused the fighting and set a 60-day period for negotiations over issues such as Iran’s nuclear program. When the U.S. and Israel launched the war on Iran on Feb. 28, Tehran effectively closed the waterway to shipping traffic, a move that sent the price of oil, fertilizer and many other goods soaring far beyond the region and gave Iran major leverage in negotiations.

Read full article at Fortune Technology →

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