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Story summary
- On March 6, 2026, U.S. Energy Secretary Chris Wright said the Navy could escort vessels through the Strait of Hormuz 'as soon as reasonable'.
- No escort operations have commenced.
- Nine vessels have crossed since recent attacks.
- The conflict has raised war-risk insurance costs and prompted shipping lines to halt operations region-wide.
- Iran has not formally closed the strait but warns of potential escalation, impacting global oil prices and supply chains.
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