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U.S.-Iran Tensions Remain High As Washington Begins 'Economic D-Day.' Oil Is Dropping Anyway.

Posted on August 24, 2026
By International Business Times
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U.S.-Iran Tensions Remain High As Washington Begins 'Economic D-Day.' Oil Is Dropping Anyway.

Iran's state-controlled Persian Gulf Strait Authority said vessels warning its transit rules through the Strait of Hormuz could face "fines, seizure, or confiscation" in the future.