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Iran and the Strait of Hormuz: why Tehran is taking such a risky gamble with the US
Iran's leaders face no clear path to victory in their ongoing conflict with the United States, yet continue to risk escalation over the Strait of Hormuz, through which around 20% of the world's oil supplies pass. Tehran is using the strait as its primary bargaining chip, threatening to block it while risking severe military and economic consequences. Analysts say none of the available options offer Iran a straightforward way out.
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