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EU Expands Sanctions on Iran Over Strait of Hormuz Closure

The European Union has announced expanded sanctions against Iran in response to its closure of the strategically vital Strait of Hormuz. The move aims to pressure Iran to reopen the crucial shipping route that impacts global oil supply and trade. This development may influence currency markets due to potential shifts in oil prices and regional stability.
Date: 24.05.2026  |  Source: FOR-EX.NEWS

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