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Iran asserts control over Strait of Hormuz, warns of blockade retaliation

Iran asserts control over Strait of Hormuz, warns of blockade retaliation

Iran has asserted control over the Strait of Hormuz, raising geopolitical tensions and threatening to retaliate with a blockade. This move impacts global oil markets and complicates diplomatic efforts. The situation heightens concerns over regional stability, with no specific dates or amounts mentioned, but it underscores the growing influence of geopolitical issues on the crypto and Web3 sectors.

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