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🪖 Military
Hormuz and Bab al-Mandeb closed — US war costs reach $37.5bn, Hegseth tells senators
US Defence Secretary Pete Hegseth told senators that the ongoing war has so far cost the United States $37.5 billion. The closure of the Strait of Hormuz and the Bab al-Mandeb strait is severely disrupting oil transport and global maritime trade. Both Iran and Gulf states are being hit hard by the shutdown of these critical waterways.
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