🇺🇸🇮🇷⚡️ — NEW: The US has reinstated a naval blockade on Iranian ports as strikes enter a fourth consecutive night, pushing oil prices higher.

➡️ Brent crude rose 0.3% to $85/barrel; WTI gained 0.5% to nearly $80/barrel in early Wednesday trading.

➡️ Trump abandoned plans to impose a 20% toll on all cargo transiting the Strait of Hormuz.

➡️ Commercial vessel transits through the strait have dropped sharply — 17 on Tuesday, versus a pre-war average of around 100 per day, per Kpler.

➡️ Deutsche Bank analysts note Brent remains well below its earlier peak of above $100/barrel, suggesting markets are "looking through the latest oil price spike."

@IntelSlava

🇺🇸❌🇮🇷 — BREAKING: US CENTCOM ANNOUNCES NEW WAVE OF AIRSTRIKES ON IRAN

At 6 a.m. ET today, U.S. Central Command forces began launching a wave of strikes against Iran. The strikes are designed to further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz.

@IntelSlava

🇮🇷🇶🇦⚡️ — Iranian Foreign Minister Abbas Araghchi arrives in Doha, Qatar.

🇺🇸🇮🇱🇱🇧⚡️ — An Israeli withdrawal from parts of Lebanon would be a good thing. — Trump

🇺🇸❌🇮🇷 — Explosions reported on Hengam Island, Iran.

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