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Iran asserts control over Strait of Hormuz amid rising tensions

Iran has asserted its intention to oversee the reopening and management of the Strait of Hormuz, a critical global oil transit route. This comes amidst rising tensions with the West, particularly the US, and has led to discussions about potential navigation fees and the rebalancing of oil supplies. The situation has also prompted diplomatic engagement, with Oman seeking to mediate and discuss regional security.

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