Iran war tensions threaten Strait of Hormuz negotiations

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The dispute centers on the Strait of Hormuz, through which a significant share of the world’s oil supply passes. Iran is seeking guarantees tied to the waterway and renewed diplomacy, while Washington has characterized recent military action as limited and defensive. Any prolonged closure or escalation could disrupt energy markets, raise fuel prices, and widen the conflict across the Middle East. Reporting also indicates U.S. forces are withdrawing from remaining bases in neighboring Iraq, adding uncertainty to the region’s security posture.

Sources: SBS, BBC, Reuters