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Story summary
- U.S. Secretary of State Marco Rubio warned Iran’s attempt to control the Strait of Hormuz could threaten the global economy.
- Australian Foreign Minister Penny Wong urged a ceasefire and reopening of the strait, noting it cut Asian imports of 80% of crude oil in 2025.
- Rubio called the China-Philippines shoal clash “escalatory” and warned a trade board could emerge from a September meeting between President Donald Trump and Xi Jinping.
