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Geopolitics

Iranian Deputy Parliament Speaker says "We consider the Strait of Hormuz part of Iran and the Islamic Republic will continue to administer it"

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Iran reasserted sovereign control over the Strait of Hormuz, proposing transit tolls that challenge international maritime law and sustain high energy risk premiums and insurance costs for global investors.

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Iran recognizes the Sultanate of Oman's right to the extent that this right is proven to it. The Strait of Hormuz will continue to be managed by Iran and the Iranian Armed Forces.

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