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Reuters: Iran Escalates Strait of Hormuz Attack Strategy, Aiming to Maintain High Oil Prices Ahead of Midterm Elections
Iran is changing its strategy and escalating attacks on vessels in the Strait of Hormuz, aiming to keep global oil prices high before the US midterm elections on November 3, Reuters reported. A senior Iranian official stated that Tehran hopes to undermine US efforts to lower energy prices. The Strait of Hormuz, which typically carries 20% of the world's oil and liquefied natural gas supplies, is threatened by this escalation.
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