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Strait of Hormuz blockade hurts Iran’s economy, threatens to spike energy prices

Strait of Hormuz blockade hurts Iran’s economy, threatens to spike energy prices

The U.S. blockade on the Strait of Hormuz has halted most Iranian port trade, cutting off about 90% of Iran’s economy. Military officials say the move aims to pressure Tehran into negotiations, but it risks escalating energy prices globally amid ongoing tensions in the Middle East.

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