Iran’s Revolutionary Guard threatened to halt all oil and gas exports from the Middle East in response to the U.S. reimposing a blockade on Iranian ports. “The export of oil and gas from the region will be either for everyone or for no one,” the statement said. The warning comes as the U.S. and Iran trade strikes and both try to assert control over the Strait of Hormuz, a key route for a large share of global oil and gas trade, raising fears of wider escalation.
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