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Story summary
- The United States has increased military presence in the Gulf, deploying aircraft carriers amid rising tensions.
- Iran is conducting drills and threatening to close the Strait of Hormuz.
- About 20 million barrels of oil pass through the Strait of Hormuz daily.
- Analysts warn a disruption could spike oil prices, fueling global inflation and instability.
- The disruption could affect tourism and finance in the region.
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