Strait of Hormuz, Iran
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A Thai-flagged cargo vessel was struck in the Strait of Hormuz on Wednesday shortly after departing from the United Arab Emirates, as regional tensions continue to disrupt one of the world’s most critical shipping lanes.
Even after a cease-fire, Iran is keeping a chokehold on traffic, forcing countries to cut deals that could put them at odds with the U.S.
Attacks on ships are escalating in the Arabian Gulf as Israel and Iran both launched fresh waves of intense strikes overnight.
Ship traffic through the Strait of Hormuz stood at well below 10% of normal volumes on Thursday despite a U.S.-Iran ceasefire as Tehran asserted its control by warning ships to keep to its territorial waters while doing so.
President Donald Trump said the U.S. military would remain around Iran until a real agreement is reached and fully complied with.
Iran, the United States and Israel have agreed to a two-week ceasefire, an 11th-hour deal that headed off U.S. President Donald Trump’s threat to unleash a bombing campaign that would