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Iran rejected ceasefire proposals and announced stricter Strait of Hormuz controls as oil surged past $115, with the US reportedly planning a potential ground offensive.
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Iran rejects ceasefire as US plans potential ground offensive, pushing oil above $115 and aluminum up 5% in a significant Middle East escalation.
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Only four vessels transited the Strait of Hormuz on Saturday as the Iran conflict enters day 31, representing a near-total collapse of shipping through the critical waterway that handles 21% of global
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