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Hormuz traffic slows further after US threatens more economic pressure on Iran - The Economic Times
Transit through the Strait of Hormuz has nearly stopped after two ships were attacked. The United States stated it can maintain a naval blockade of Iran indefinitely. Iran has resumed attacks on ships it accuses of violating transit rules. The US plans to inflict unprecedented financial damage on Iran next week. Global economists forecast a sharp drop in global growth due to the conflict.
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