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After a new round of mutual strikes between the US and Iran, oil prices rose by about 4% on Monday.
So far, both sides’ statements about the status of the Strait of Hormuz are also contradictory. Iran has announced the closure of the strait, but the US says commercial vessels can still pass through.
The US Central Command said on July 12 that the third round of strikes against Iran has ended, with about 140 military targets hit and more than 300 in total over three nights. Iran’s state media also confirmed that attacks hit multiple locations across the country.