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Iran's Hormuz leverage wanes as US economic squeeze bites

Straits Times

PoliticsStraits Times·Sep 6, 2026·1 min read

Iran's Hormuz leverage wanes as US economic squeeze bites

ISTANBUL, Sept 6 - Six months after a conflict that rattled markets and pushed the Gulf to the brink of a wider war, the tide may be turning against Iran as Washington unleashes an unprecedented economic offensive to achieve what military…

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