Warnings that ceasefire in danger unless Iran stops blocking Strait of Hormuz

ADDED, as I post there are reports of more explosions in Sirik, iran - borders the Strait. The scale escalation matters as much as the strikes themselves, with a US official describing Tuesday's action as four to five times larger than the previous round just ten days earlier, a trajectory that argues against a quick de-escalation. Oil is likely to stay bid…

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