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Story summary
- U.S. President Donald Trump said at a G7 meeting that Iran is "about to surrender" as Operation "Epic Fury" weakens Iran's leadership.
- Iran blocks the Strait of Hormuz, pushing oil prices above $100 per barrel.
- Analysts say Iran now controls the oil market, undermining U.S. objectives.
- Gulf states express concern over economic stability amid rising tensions.
- Trump faces pressure to offer a clear exit strategy.
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