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President Donald Trump announced that the US is reinstating a naval blockade of Iranian ports and will impose a 20% charge on all cargo passing through the Strait of Hormuz. The move aims to prevent Iranian ships from entering or leaving the vital oil shipping route, while claiming the strait will remain open to other countries. This escalation follows recent US and Iranian military exchanges over the strait, with the US targeting Iranian military sites and Iran responding with strikes on US bases in the region.
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