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Iran reasserts its right to control shipping in the Strait of Hormuz after a ship was hit near Oman.
Tehran warned Gulf states against siding with the U.S., a day after the attack highlighted the fragility of a preliminary deal to end the war.
The U.N. The International Maritime Organization has now halted its ship escort operations through the Strait.
This chokepoint handles roughly 20% of global oil supply. Any sustained disruption would hit energy markets, shipping costs, and inflation hard.
Watching oil, energy equities, and macro risk premium closely.
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