Low-level Strait of Hormuz navigation and Trump warns Iran of economic measures

Shipping data showed that navigation through the Strait of Hormuz remains low, with the number of ships passing through staying the same as on Tuesday, as negotiations between the United States and Iran over ending the conflict remain deadlocked. While U.S. President Donald Trump affirmed that there are no talks and that the strait is open, Iran reported that the passage is still closed, reflecting escalating tensions. Meanwhile, Trump threatened to impose severe economic sanctions on any countries dealing with Iran, in a move to intensify economic pressure on the Islamic Republic.

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