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President Donald Trump has reinstated the U.S. naval blockade of Iranian ships in the Strait of Hormuz and is demanding a 20% toll on all other cargo transiting the waterway. The move follows U.S. airstrikes on over 80 Iranian targets over the weekend and Iran's retaliatory closure of the strait. Oil prices surged on the news, with Brent crude jumping nearly 8% to $82.03 per barrel. The White House claims the strait "is...
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