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Iran Denies Korean Ship, US Sinks Boats, Trump Faces

By Responsible Statecraft · 2026-05-05
Iran Denies Korean Ship, US Sinks Boats, Trump Faces

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Why it matters: Trump’s $20 bn legal battle and Iran’s steadfast Gulf blockade squeeze U.S. shipping firms and Iranian oil revenues, driving up global oil prices and forcing markets to seek alternative routes.

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