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US and Iran swap threats again
The euro, the pound sterling, and other
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The euro, the pound sterling, and other risk assets plunged sharply after tensions in the war spiked over the weekend. The US Navy opened fire and boarded a cargo ship flying the Iranian flag in the Gulf of Oman — the first seizure of a vessel under the US blockade of the Strait of Hormuz. The incident, in one of the world's most critical trade corridors, instantly triggered a wave of fear and uncertainty across financial markets. Donald Trump and Iranian officials offered conflicting statements about
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Jakub Novak,
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