Strait of Hormuz standoff threatens world economy, drives push for US-Iran ceasefire talks

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FILE - Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. (AP Photo/Altaf Qadri,File)

The standoff between the United States and Iran deepened Tuesday as the U.S. declared it had blockaded Iran’s ports, Tehran threatened to strike targets across the region, and Pakistan said it was racing to bring the sides together for more talks.

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