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The near closure of the Strait of Hormuz since the war began has led to a historic oil supply shock, which quickly sent global energy prices soaring.
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The US president has threatened to take out Iran "in one night" if it does not agree to open the Strait of Hormuz.
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With the clock ticking, President Trump radically expanded his threat to the entire Iranian nation if its leaders fail to do a deal to open the Strait of Hormuz by Tuesday night.
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