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Iran says to announce new restricted zone in the Gulf in the coming days

  • Iran plans to announce a new restricted maritime zone and maps for a shipping corridor through the Strait of Hormuz, warning ships that enter could face sanctions.
  • Weekend strikes between U.S. and Iranian forces have driven oil prices higher and sharply cut commercial transits through the Strait, raising global energy concerns.
  • Sanctions and an oil blockade are squeezing Iran’s economy, Kharg Island has been repeatedly struck but still operates, and the tensions are spilling into regional stability and U.S. politics.
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