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US Reinstates Blockade
- The 60-day deadline of the June 17 memorandum of understanding between the United States and Iran expired Monday, ending the interim cease-fire.
- The lapse threatens oil supplies, could choke markets and burden consumers, and analysts warn it may spark a prolonged economic-attrition campaign.
- Trump administration rescinded oil-sanctions waivers and reinstated a naval blockade of Iranian ports.
- Iranian negotiator Mohammad Bagher Ghalibaf said strait closed until United States lifts blockade and sanctions.
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