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US-Iran conflict disrupts key trade routes
The ongoing conflict between the United States and Iran has severely disrupted global oil flows through the Strait of Hormuz and Bab al-Mandeb Strait, with Iran increasing attacks on tankers in the region. Reported incidents include 12 attacks in the past week and the sinking of two cargo ships, raising concerns about long-term impacts on the global oil market. Countries are exploring alternative export routes and reducing oil consumption to mitigate vulnerability amid rising prices and mounting regional tensions.
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