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European stocks are expected to open higher on Tuesday amid renewed hopes that Middle East peace talks could resume, despite a U.S. blockade on Iranian ports.
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;Resize=(620)) The U.S. military has initiated a blockade across the Gulf of Oman and the Arabian Sea, a move experts say is an act of war with potential for serious escalation in the midst of a ceasefire. U.S. Central Command says it is targeting all vessels traveling to and from Iran as of Monday morning
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A former Pentagon official said the goal of the U.S. blockade is to get the Iranians to back down and restore freedom of navigation to the strait.
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A U.S. blockade of Iranian ports has gone into effect Monday, while President Trump claims Iran wants to make a deal.
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