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Story summary
- Iran is considering a short-term pause on Strait of Hormuz shipments after failed US-Iran peace talks on April 13.
- The pause aims to avert escalation as Washington and Tehran pursue further ceasefire talks.
- The United States imposes a naval blockade to limit Iran's oil exports.
- Iran's Islamic Revolutionary Guard Corps may adjust its strategy to challenge the blockade.
- Oil traders monitor Strait activity as Iran remains the region's primary exporter.
