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Oil Rises as Trump Threatens New Iran Strikes; Hormuz Flows Depressed
OilPrice.com·US · IR·about 11 hours ago
Trump and senior aides are considering limited strikes in the Strait of Hormuz to degrade Iran's radar and missile capabilities targeting ships, per three U.S. officials. The plan, developed by CENTCOM and backed by SecDef Hegseth, was not yet approved before the weekend exchange of fire, but could be greenlit following escalation. This marks a potential shift from deterrence to direct military action, raising risks of broader conflict in a critical chokepoint.