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Tanker traffic through Strait of Hormuz plummets on first day of US naval blockade of Iran
Very few ships transited the Strait of Hormuz on the first full day of the US naval blockade of Iran, marking a sharp drop in tanker traffic through one of the world's most critical oil chokepoints. Oil prices rose in response to the disruption. The blockade represents a major escalation in US pressure on Iran.
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