The move, which the US president has repeatedly threatened as his war with Iran drags on, would represent a break with decades of US policy keeping open the sea lanes that carry four-fifths of the $35 trillion global goods trade. Even the threat of reducing security for the Strait of Hormuz risks shaking confidence in a pillar of the world economy, as well as American wealth and power. Traffic through the strait has dropped to a handful of ships daily from about 135 before the war, with Iran allowing passage mainly for its own exports. Those conditions are putting at…
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