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Global Business News

The Economic Times

Global Business / The Economic Times

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Kharg vs Hormuz: Will Trump's new gamble set the Gulf on fire?

The Iran conflict escalates as the US strikes Kharg Island's military targets, warning of further action if shipping is disrupted. Simultaneously, Iran leverages the Strait of Hormuz for diplomatic gains, striking deals for safe passage with nations like India and Europe, bypassing US sanctions and potentially fracturing global unity.

14 Mar 2026 1:55 pm