Iran aims to control Gulf shipping as oil declines

Iran has increased attacks and threats against shipping in the Strait of Hormuz to maintain leverage over the vital waterway, which is crucial for global oil transit. Recent incidents include attacks on tankers, naval mines, and Iranian warnings to nearby vessels, as tensions rise amid reduced oil flows. The U.S. continues to enforce economic sanctions and a blockade on Iranian ports, aiming to pressure Iran economically while Iran seeks to assert control over the strait as a strategic red line.

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