Strikes between U.S. and Iran continue as they vie for control of Strait of Hormuz
Tensions have escalated in the Strait of Hormuz following a series of military strikes between the U.S. and Iran. The U.S. destroyed three Iranian oil tankers in retaliation for missile attacks on Navy vessels, while Iran has announced plans to restrict navigation in the waterway.
Why it matters
The Strait of Hormuz is a critical global energy chokepoint; military conflict there poses significant risks to global oil supply and international security.
The U.S. and Iran traded strikes this weekend, raising tensions as Iran announced a new route in the Strait of Hormuz and President Trump claimed the U.S. controls the waterway.
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