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🪖 Military
Strait of Hormuz blocked — what future for free navigation?
Since February 2026, the US and Israel have been at war with Iran, with the sides alternating between strikes, fragile ceasefires, and blockades of the Strait of Hormuz. Open hostilities resumed in mid-July. The Houthis in Yemen have also threatened Saudi shipping through the Bab al-Mandab, raising risks across both critical waterways.
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