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Iran and US trade threats as tensions rise over Strait of Hormuz access
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Iran and US trade threats as tensions rise over Strait of Hormuz access

Military skirmishes and conflicting interpretations of the Islamabad Memorandum have stalled peace efforts in the Strait of Hormuz. Iranian leader Mojtaba Khamenei has vowed revenge against the U.S. following recent military strikes.

By Samir Haddad · 12 July 2026 · 4 min read