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Global Business News

The Economic Times

Global Business / The Economic Times

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Costly war far from over even as US loosens Iran's grip on Strait of Hormuz

US has restricted Iran's oil exports and loosened its Strait of Hormuz control. This ongoing conflict, however, is nowhere near resolution and its costs are only rising. Iran's leaders have shown no signs of backing down and may even escalate military actions further.

11 Sep 2026 10:07 am