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Hormuz Tensions Threaten Gulf Shipping as US-Iran Ceasefire Frays

Recent clashes in the Strait of Hormuz have strained a month-long ceasefire between the US and Iran, with negotiations stalling in 2026. Washington awaits Tehran's response to a fresh diplomatic proposal, though timing remains uncertain. Maritime stakeholders are bracing for potential supply chain disruptions in this critical chokepoint. A prolonged closure could significantly impact global energy flows and regional shipping operations. Financial markets have responded with rising oil prices and declining equities, reflecting concerns that regional instability could extend shipping delays and increase freight costs.